Skip to main content

tv   Business - News  Deutsche Welle  May 29, 2020 1:15am-1:31am CEST

1:15 am
arsenal then a full schedule for games we play the following weekend italy's top flight football league syria has also decided to resume behind closed doors on june 20th. coming up next is chris culliver indeed of your business yes more about presidential executive order you're watching to have your news remember to keep up to date on our website at e.w. dot com thanks for watching. and of issue. but jenny conquered the major issues of our society. the 3rd season of founders down the petroleum meets modern day heroes in asia. ready to take on this challenge with their unique idea to look at those 2 problems and make them one solution. to sally start june 13th on t.w.
1:16 am
. passionate drama competition rivalry marketing numbers atmosphere power fight intuition love hate money. fans friends find us fans and found a whole book. on you tube. the. trump 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 come also coming up as china tightens its grip the wrong hong kong what does that mean for want of a just top financial hubs and we'll show you why the spanish com industry is fearing for its sparkle. i'm chris called welcome to the program donald trump is escalating his war against twitter signing an executive order to curb social
1:17 am
media's ability to flag fake 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 of trump as 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 in 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 ritter announced that they're going to affect chick 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 sites it's the loss of for social media
1:18 am
companies are pretty antiquated so what might happen now is that for example 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
1:19 am
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 yet. job market over 2100000 americans applied for unemployment benefits last week again a dismal figure. you know 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 filings 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 was trading on blue chips at some point were up by a good 200 points but then the market turned south when we got word that there
1:20 am
probably will be another press conference by the u.s. president to morrows on friday and this time talking about china. let's go to reporting from new york hans thank you. for the coronavirus pandemic 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's a spy the flight ban following 2 crashes involving the aircraft company 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
1:21 am
carmaker is shuttering its plant in barcelona spain. well flaming barricades thrown up by workers protesting the closure of nissan's barcelona 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 20 $5000.00 families in the region but they're not going without a fight we. know. 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 nissen workers you i don't know i don't have any sound 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 lobel production by 20 percent in the next 4 years. we came to
1:22 am
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 mitsubishi 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
1:23 am
plenty of investment banks call hong kong their home. let's take a closer look at the story now with max cam feld he's an economist at the him or caterer 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 status as a just premier financial. i don't think we necessarily should think of it as a way to a choice i mean china has moved closer to pushing hong kong down as a financial center and replacing it with its own mainland centers but this is one step on the road it's not it's not overnight decision. what are the economic implications for hong kong following this political move for hong kong in implications of dire hong kong is already in recession retail consumption is down heavily and death of one of the main it sources of income and in hong kong of the
1:24 am
net many foreign companies are considering pulling their stuff out some companies are 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 and several different issues with more mainland control over the legal system there is a fear that you will have a less fair playing field with legal disputes particular against the government it is also the case that x. ex-pats 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 us is also a major player in this whole equation. while there are also a very dire the us has shown no particular pleasure again towards china
1:25 am
and in recent months and the likelihood that the us congress votes to change comes to special status what with the passing of this law is very high and that will further cost the relationship between the 2 parties to deteriorate. my scan fields of the mercator institute for china studies thank you for your thoughts. thank you it's to spain now and the country is 1200000000 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
1:26 am
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 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 is 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 but it's a different number due 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 low that this is the. with sales of last year's batch stalled and warehouses still full concerns are growing because harvest season
1:27 am
for the next batch is just around the corner this year's beer 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 nudists. from me and the entire team thanks for watching see if i can.
1:28 am
enter the european union to do that's what the turkish government told refugee before the coronavirus. azimi family from afghanistan many others took it out it's one. of the painful journey that is still known to the. owner. next d.w. . wellington biden is
1:29 am
a savior of the forest. because $210.00 acres of land in central gone to his own he's weak cultivating and conserving wood and teaching how to practice sustainable forestry it's all about training it comes our people is also go out there and do it themselves still got to have their babies come fall and. for. 60 minutes w. . we speak 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 to w. made for mines. what secrets lie behind small.
1:30 am
discover new adventures in 360 degree. and explore fascinating world heritage sites. w world heritage 316 get kidnapped now. europe where living in a time when staying at home is the new normal but we want to start today's show by looking at those who don't have a place to call home refugees millions of them are stranded in turkey and their biggest dream is to find safety in europe. back in february tens of thousands of my .

21 Views

info Stream Only

Uploaded by TV Archive on