tv Business Deutsche Welle February 14, 2020 11:30am-11:45am CET
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it's reward system to course allegiance to the regime. those who don't make it into the fun metropolis often poor and hungry. have fun in pyongyang starts february 28th on w. . the german economy leapt into 2020 new figures show 0 growth in the 4th quarter and raised questions of when europe's largest economy can get its momentum back. also coming up u 2 turns 15 look at how it website designed to share personal videos is now printing money for google and changing the media landscape. and we'll look at whether germany can free the way from buy goods to join the labor market much in need of workers. this is your business report i'm stephen beardsley in berlin it's
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good to have you with us the german economy in 1000 with a whimper posting 0 growth in the 4th quarter and that's according to new statistics from the federal statistics office a growth was already subdued in the 1st quarter with g.d.p. expanding 5 tenths of a percent with compared to the prior 3 months but then the german economy contracted by 0.2 percent trade conflicts and brags that weighed on germany's traditionally export reliant economy and the 3rd of the 3rd quarter rather so i slight recovery boosting hopes but the latest data reaffirmed those earlier fears that europe's largest economy is out of sync now for more on this let's go to our financial correspondent in frankfurt chelsea to lanie. chelsea some disappointing figures there what are investors saying. we haven't seen much of a market reaction to this but. i think this really just confirms what investors are
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to new which is the german economy is stagnant and there isn't really much hope of a turnaround at this point there was at least one bright spot in this report the 3rd quarter g.d.p. was survives higher but all in all the german economy remains particularly industrial sector is on its longest and deepest recession since in 10 years and if you add into this that the fears over coronavirus and what impact that could have on the industrial sector the talk today is really again about a potential technical recession in germany. so we can all make sure it was continuing here in germany are we seeing this yet on the main streets in germany amongst the public how do we see this. so far the slowdown has really been concentrated in the manufacturing sector but there are some signs that it could be starting to spill over this report today i mentioned a market slowdown in private consumption and 4th quarter and that's really been the backbone of the german economy over the past several months as the manufacturing
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sector has slowed so if that starts to slow if people stop spending that could be a big problem for the german economy at the same time. employment has remained quite low but we are seeing just a stream of reports from companies. on job cuts and things like that including 15000 new job cuts that are the earlier this week all right chelsey dealing with the latest from frankfurt thank you. and now to some of the other business stories making headlines around the world. the french government has decided to allow chinese telecommunications firm wall way to bid on supplying the country with 5 g. technology paris said it will place restrictions on networks around nuclear and military sites however the u.s. has been pressuring allies to exclude wall way from from projects on i would. nations of espionage. citing the coronavirus 3 airlines of the loop tons of group
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are extending flight cancellations to beijing and shanghai until march 28th suspensions of leave tons of swiss and austrian airline connections to other mainland china just nations had already been expect extended hong kong remains a destination but with smaller planes. a judge granted amazon's request to temporarily stop the u.s. department of defense and microsoft from concluding a multi-billion dollar computing deal amazon had argued u.s. president trump exercised too much influence over the decision as mr trump has publicly does the right it amazon head jeff bezos who also owns the trump critical washington post. well today marks 15 years since you tube was born and the site was set up by 3 former colleagues at pay pal to give people a place to share clips online a decade and a half later accounts over $1500000000.00 monthly users and added $15000000000.00 in ad revenues last year here's
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a look at how it all began. very 1st video could scarcely have been simpler during his trip to the zoo co-founder jahvid kareem had no idea what his primitive creation would become just a year later he and his friends chad hurley and steve chen would be striking the deal of a lifetime. today we have. been acquired by thanks but never less than $1650000000.00 since being bought by the world's most visited web site you tube itself has become the world's 2nd most visited web site. yeah. and it's not just john fit chad and steve who it's made which is created a whole new brand of celebrity the most successful you tube has such as hyper sweet
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beauty probably make in excess of 10000000 dollars a year. over the past 15 years you tube has become more than just somewhere to share videos branching out into music and subscription services and ever 70 languages now you tube is country using $15000000000.00 a year in ad revenue google alphabet if you told the founders that that would be the case back in the early days they might well have now. joined now in studio by my d w business colleague. q you started your own you tube channel in 2007 how did the site look back then compared to how looks now yet the docs aim for past remember at that time i was very interesting everybody was doing what basically i was doing i was a teenager in my bedroom talking about the missed monday things it wasn't fancy at
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all and it was not about productive mentor ad revenue at all and that only started in about like 2012 i think and now the ad revenue is i think 200-1000 was $15000000000.00 u.s. dollars which is insane you were talking about this earlier i look at you tube and i see that it's almost the interface hasn't really changed that much is so user driven i look at and i say it has really changed that much you say it's changed completely yes definitely especially the top creators of you tube users basically that have generated the most viral content they say that you tube is not what they used to be used to be like a fun place where you could be creative where you could be weird and now a lot of it has been taken over by by big names like t.v. networks also for example music for. auction companies and they are taking all of the views and all of that original content is not as prominent as it was before
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does that mean that you tube is likely to become the new t.v. if we can even say that is that going to replace t.v. for a lot of the younger generation who goes 1st there and out of the cable package i mean i've basically grown up with you tube i never watch t.v. and i'm $28.00 so all of the kids basically i think it's the same for them and i also think that at some point video on demand also with other platforms like netflix and amazon prime it will be basically those platforms and people will go there and the only thing left to do for t.v. would be breaking news maybe and also some sporting events if that's not also brought up by them so i don't know whether we will be sitting here and 15 is the you tube at the same time has faced controversy maybe not to the likes of facebook and some social messaging sites but around hate speech for example around child protection protection things like that is that going to continue how are they dealing with well not that well actually especially in april last year there was
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a controversy because people saw you tube was criticized for the fact that people working for you tube had criticized the fact that engagement was key that was king about was the most important thing to you and not for example protecting people especially there was a controversy about homophobic comments all to rights movements and also misinformation on climate change and it's the same as the other platforms that's the question you're going to take aside what does taking sides mean what is free speech these are all of the questions that will be here as long as the platforms are here already so no different many ways from other social media platforms that question of responsibility q. durward business thank you very much. germany's aging population has a problem for its labor market migrants from places like syria and afghanistan have been tipped as a possible solution but are they in fact finding their way to the country's labor market well
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a new report from the organization for economic cooperation and development or o.e.c.d. says not in full it says migrants need help finding the programs as well as more systems to be to be able to succeed on the german job market and while hurdles remain there are some hopeful stories. to share tajik is performing final checks at the maintenance step of hamburg inner city rail system he's almost there the 30 year old came here with his wife from afghanistan in 2015 now he's just about to finish up his apprenticeship as an electronic technician. for me personally it was difficult because german is not my native language. it's been a long time since i was in the school room. so i had to start learning from the beginning again after 10 years.
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before the migrants start their training to take introduction classes to get them ready some 400 young people have done the courses already at the german railway. these courses they get the necessary grounding in subjects like german math english and physics. the young men here come from syria afghanistan iran and iraq for them their goal is to get a technical education at the homburg esp on. an apprenticeship in germany means taking teary classes in a technical college and practical work on the job. it's a challenge for instructor bent look. many students have come straight from war zones and their school days are long behind them. we have to make it clear that it doesn't really work without extra teaching and in some cases retraining and we invest a lot of time to make sure that all trainees graduation the same year.
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i know not simply nationwide more than 50 refugees are doing vocational training at the german railway once they finish their much in demand germany has a shortage of skilled workers so this is a win win situation. and that's it for me and the business team here in berlin you find out more about these and other business stories on our website dot com slash business we're also on facebook and twitter i'm stephen bears in berlin as always that's watching.
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focus on hate speech prevention and sustainable cause production. all of the sos are available online and of course you can share and discuss on the africa's facebook page and other social media platforms. crime fighters to mindanao. greetings from the german capital hi i'm karen how's that and here's what's coming up on today's arts and culture german countertenor news is only 26 but already stealing the show in one to various lot of the dutch touring opera ends. and waste not want not nature square design studio is turning cast off feathers sea shells and even egg shells
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into luxury interiors but we start off with steve mcqueen and i don't mean the late actor rather the other steve mcqueen whose remarkable career as an artist director and screenwriter has won him acclaim across disciplines and most people know him for his films which include titles like shame and of course the oscar winning 12 years a slave but he's also a winner of the turner prize britain's highest award for visual artists and now the tate modern in london is honoring him with a major exhibition. yorks statue of liberty this video work titled static steve mcqueen shows are so close that the viewer can you can make out the crossed off bird droppings america's symbol of freedom.
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