tv Business - News Deutsche Welle May 28, 2020 11:15pm-11:30pm CEST
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already bankruptcy on life support. and coming up next chris with g.w. business will have more of president trump's executive order you're watching the w. news stay with us. the global corona crisis you can find more information online at e.w. dot com and on t.w. social media channels. i'm going crazy thing in all the time. how to handle on new allies in times of the
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koran a pandemic d.w. reporter keep your job just like everyone else and she's looking for answers and thankfully with the help of canadian ex-pat. thank you is not life as we know it. our new web series. trungpa versus twitter after having some of his tweets fact check the u.s. president signs an executive order aimed at providing more pushback against social media companies also coming up as china tightens its grip there on hong kong does that mean for one of asia's top financial hubs and we'll show you why the spanish kaba industry is fearing for its sparkling. welcome to the program donald trump is escalate. in his war against twitter signing an executive
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order to curb social media's ability to flag think news and misinformation mr trump accuses twitter of quote stifling free speech after the social media company added fact check links to 2 of the president's tweets this it from has threatened harsher regulation or even closure over their new fact checking policy which he believes interferes with political message. well for more let's cross over to new york and our correspondent there young scored against what impact is the executive order likely to have. well 1st of all the timing certainly is submit tricky just a few days after twitter announced that they're going to affect some tweets of the u.s. president but having that said they had been some pressure on social media companies for quite some time from both political side it's the law also for social media
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companies are pretty antiquated so what might happen now is that for example a federal regulators called hold those social media companies liable so if they delete certain accounts or certain tweets for example so how are these companies to move forward then. well 1st of all what experts believe is that the whole thing will end up in court so that twitter for example could bring it to court and try to prevent this rule from becoming and practice i believe also congress has a word to say to really get the full extent of this order but overall i guess there is a certain movement in the united states from the political side that those companies have to be more liable and that means they have to. yeah maybe employ even more people for
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a fake chip king for instance and if you look at what happened on wall street the twitter stock was down by a good 4 percent so the executive order could prove to become a costly move and the. job market over 2100000 americans applied for unemployment benefits last week again a dismal figure tell us more than if you look at the total in the past 10 weeks to 40000000 americans have filed for unemployment claims there was one tiny bit of good news soon in this jobs report if you look at the consecutive filings fightings for more than 2 weeks so those have gone down sharply and that could show that a lot of those people filed for those unemployment claims at once but then slowly at least some people get their jobs back and that's what wall street whilst waiting on blue chips at some point were up by a good $200.00 points but then the market turned south when we got word that there
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probably will be another press conference by the u.s. president to morrows on friday and this time talking about china. and sort of reporting from new york thank you. the damage is having a huge impact on employment outside the united states as well. easyjet says it's looking to cut $4500.00 jobs around 30 percent of its workforce is it says that it could take 3 years for demand to return to normal. u.s. plane maker boeing has resumed the production of the 737 max that says fight the flight ban following 2 crashes involving their craft companies says it will begin by producing a small number of the ball. nissan has announced its 1st annual loss in more than a decade more than $6000000000.00 and that will have consequences the japanese
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carmaker is shuttering its plant in barcelona spain. a flaming barricade thrown up by workers protesting the closure of nissan sparse alone a plant the 3000 who work here are losing their jobs and trade unionists say the shutdown's effects along the supply chain could impact up to $25000.00 families in the region but they're not going without a fight you. know said obama we will not allow this to happen they gave us december 20 twentieth's the date of closure and until then we will do everything possible we will fight we will fight for next time workers you yeah i don't know i like your father and he said it's not just the barcelona plant that's closing the sun is shattering its factory in indonesia leaving the south korean market and cutting back local production by 20 percent in the next 4 years.
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ago we came to a conclusion that it would be very difficult to continue business and to generate profit in the status quo from now on we will accept mistakes which the company did not face up to and shift to a correct track. that includes more systematic production sharing with alliance partners bring no end need to be she to cut costs and letting go of some of its own business course correcting in the middle of a pandemic will not be easy but it might even be harder for those the company is set to leave behind. hong kong status as asia's financial hub could be added risk after china announced it would bypass the region's legislature to impose its own security measures triggering mass protests across the city so far business in hong kong has been booming punching way above its weight ranking among top financial centers it has one of the biggest stock exchanges on the continent while plenty of investment banks call hong kong their home. let's take
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a closer look at the story now with max cam felt he's an economist at the him or cater institute for china studies here in berlin he joins me via skype good to have you on the program max has china decided that clamping down on democracy in hong kong is more important than preserving hong kong's stat is as asia's premier financial. i don't think we necessarily should think of it at say a 2 way choice i mean china has moved closer to pushing down a financial center and replacing and with its own mainland centers but this is one step on the road it's not it's not a overnight decision. what are the economic implications for hong kong following this political move for homecoming implications of dire hong kong is already in recession retail consumption is down heavily and that's one of the main sources of income and in hong kong. moment many foreign companies are considering pulling
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their stuff out some companies are sure for future expansion not even considering hong kong anymore so very bad. if companies are pulling out of hong kong or are considering it what exactly is it that they are fearing several different issues with more mainland control over the legal system there is a fear you will have a less fair playing field with legal disputes particular against the government it is also the case that x x perhaps and their families will find the environment far less pleasant would constant riots and tear gas. and next what are the implications of this move when it comes to the trade dispute between the united states and china i mean the u.s. is also a major player in this whole equation. while there are also a very dire the u.s.
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has shown no particular pleasure again towards china and in recent months and the likelihood that the u.s. congress votes to change hong kong special status what with the passing of this law is very high and that will further cause the relationship between the 2 parties to deteriorate. my scan field of the mercator institute for china studies thank you for your thoughts and give. it's to spain now and the country's $1200000000.00 euro cava industry has had a turbulent few last year former strike then buyouts of family firms than a sales have to during the catalonia separatist movement and now the coronavirus is reducing the sparkle in the industry. sinkers are clinking glasses across spain as the country eases coronavirus related lockdowns but growers of the beloved
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cob are worried the industry may be quirked to months of shuttered restaurants and closed borders means fewer opportunities for locals and tourists to indulge in the fizzy wine about 2 thirds of bottles are export it competing internationally with french champagne and italian percent though more than half of cava producers say they have temporarily laid off some workers according to a recent survey that's because demand is down by at least a quarter compared to last year. but the optimists say that there's a 25 percent decrease in the pessimists say that it's closer to 40 percent so we average those we're looking at a 30 or 35 percent drop in demand this year so it's a different number to the fact that the business models of the companies are different some companies are more dedicated to exports and some to the hotel industry so impacts very. well and this is the. with sales of last year's batch stalled and warehouses still full concerns are growing because harvest season
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for the next batch is just around the corner this year's feared decrease follows 250000000 bottles produced in 2019 the 2nd best year on record wine making accounts for one percent of spain's gross domestic product officials are considering an aid plan including the production of sanitizer and it $85000000.00 euro rescue package . and that's our show as usual you can find more on our website of the w dot com slash business or our social media it's on preschool graham bowley from me in the entire team thanks for watching seems like a. willing
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to buy is a savior of the forest. because 210 acres of land in central gonna his own is recall debating and conserving movement and teaching how to practice sustainable forestry is all about training or their power and people use of also their lives. so that i have the babies come fall and. for the. next d.w. . conflict. despite the coronavirus found them exposed
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push for a presidential election in may in the expectation that it would win my guest this week from just so many conscience keep going to show me pete from the rule of law and justice. was his government guilty of trying to put politics of the people's love. conflicts of. yes. 60 minutes off the dole. what do they dream of at night. as cleaners they see the face of horror. their job censoring for the social media industry. in manila there are thousands of
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so-called content monitors to take they screw up terrifying images from online platforms. horrific job for starvation wage the strain is enormous. the cleaners social media's shadow industry starts june 18th on d w. hello everyone and welcome to this new edition of eco africa the environment magazine bazzi bites on all t.v. here in nigeria and t.v. in uganda and germany's dos about.
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