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tv   Business - News  Deutsche Welle  July 6, 2020 11:15pm-11:30pm CEST

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2nd division. that means relief of braman as they survive relegation and continue to be the longest serving clock in the bundesliga. you're watching the news live from berlin that b.w. business with stephen beard's news up next stick around stephen we'll be right back . why subscribe to g.w. books you meet your favorite writer right. there but our is too short to find beautiful. books on you to like. my gorgeous. food for the russians so. steeped. in so many different walks of life. some are. awfully strong but all of them come straight from the heart tips
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for see even when there's no more delicious the mushroom inches. from the fruit of the root to their final resting place the russians on t w documentary. protesters in hong kong are scrubbing their social media accounts to facebook whatsapp and google say they'll suspend providing user data to all fours he's there in support of the territory's freedom of expression. also on the show german industry picks back up as the country loosens its lock down europe's largest economy still has quite a ways to go. and the spanish region a bottle of c.e.o. reconsiders the economy. it's largely on tourism. and stephen peers in berlin
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welcome to the show facebook twitter and google have all said they will no longer respond to requests from the hong kong government and law enforcement authorities there for information on users of the pause pending further assessment as facebook put it also applies to whatsapp which the company owns the tech companies are among the 1st to respond to china's new security law in the territory others in the business world believe it's not just social media giants should be concerned it's not just freedom of expression at stake the focal point of these protests and the hong kong moment over the weekend the new security law raises questions of a common business concerns like the safety of intellectual property and data security and it lengthens the reach of the chinese authorities i think if you are a business and long as you're an individual or even if your thank you go it's all kong but it's all advice i'm going to thank you on kong as
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a transit start of place i would not be holding up a lot of intellectual property and hong kong i sound old hong kong i would have any access ashton hong kong i would simply be much more cautious and i retreated very much as i wouldn't see the chinese city. hong kong's calling card was that it wasn't just another chinese city it offered legal certainty and access to western finance but the mainland lacked. china believes it can preserve hong kong as a financial hub though its port capital into the island and mobilized allies among the business elite many of whom have deep stakes in the mainland on monday and even drove markets hong kong stock exchange close to the 4 month high when a chinese state run newspaper encouraged bull market investment beijing's message you can engineer the stability the business wants under the conditions the china want. to our financial correspondent in new york against korda ins good to
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see you yes let's start the markets today quite a surge globally did the chinese state run newspaper really play an important role in the search where all of this stayed on term media tells investors it's time to buy stocks obviously at least investors in china follow it was quite remarkable specially if you look at the shanghai stocks over there up by almost i'm 6 percent you're definitely do not see that every day and maybe here on wall street fishing for any kind of you was to find another reason to buy into the stock market but seriously the big increase that we saw here in the u.s. was just a continuation from last week's big increase weaver you have actually reports or the prognosis that global central banks by the middle of next year might pump a good 15 trillion u.s.
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dollars into the global markets that creates a lot of liquidity and the money has to go somewhere and that's partially into stocks and then also here in the u.s. specifically we had a pretty strong showing from the service industries so that also detailed to drive stocks higher. they is going back to hong kong should we expect to see more western businesses such as these tech industries which we expect see more pressure on them going forward given this new law. well clearly there's a lot of at stake and it's very multi-layered i mean 1st of all we have to wait and see what the reaction will be from the chinese ministration about tung kong is such an important place for us and the chinese companies to do business we see each other it's of basically one of the only places where they can do that but then we also would have to wait and see whatever the chinese government is going to do what will washington actually do is so maybe they will debate that hong kong should use
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their especial place and sold there are a lot of open questions so but so far hong kong clearly has been crucial for u.s. businesses but for mainland china as well the situation clearly is very fluid and at the end of the day it might not be good for chinese nor u.s. businesses either all right our financial correspondent court of their new york thank you and u.k. prime minister boris johnson has said that he would have to think carefully about using technology from chinese telecom firm huawei and countries 5 g. networks or is johnson's remarks came after france moved to restrict telecom operators from using huawei technology china's foreign ministry spokesman hit back at paris in a priest rather a press briefing calling for quote an objective and fair attitude to huawei has been accused of spying for the chinese government and the u.s.
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has pressured countries to shun the company. us a brief look now at some of the other business stories making headlines. the u.s. court has ordered the shutdown of the controversial north dakota access oil pipeline that has long been opposed by native american tribes and environmentalists the court cited a construction air with no simple fix it ruled that the half a 1000000 barrel a day pipeline be emptied within 30 days. german vaccine champion cure vacas getting 75000000 euros in loans from the european investment bank the company's carrying out clinical tests on a potential covert 1000 vaccine the money will help the company complete a production facility and support the development and mass production of the vaccine. german factory orders rose by more than 10 percent last month that's according to the federal statistics office that's less than expected some analysts say the figure highlights just how difficult it will be repair the damage
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wrought by the coronavirus orders are 30 percent lower compared to this time last year raising fears that europe's largest economy will continue to suffer from the global recession. and with more on this year's our financial correspondent contribution the german manufacturers are not out of the woods yet yes there was an increase in factory orders from april to may but if you compare them a numbers to befall the corona lock down factory orders are still much much lower for example in the german car industry new orders in may were 47 percent lower than in february still the update on factory orders of course was a sign of hope for the financial markets and many traders are saying that the pressure remains high on governments to come up with more stimulus to help the economy recover further for example the recovery fund planned by the european union
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. in staying in the e.u. the southern standish region of under new c.e.o. relies heavily on target that's made it especially vulnerable to the crowd a virus pandemic and threaten jobs in hotels torah services and restaurants now the region's talking about diversifying its economic base there's an challenges along the way. there is industry and lose here this elevator maker in seville sells tailor made solutions to a range of different countries and it's happy with its location in southern spain apart from the business environment so really. the main weakness is the lack of a broader industrial base and this is no become clearly evident and these times of 19 infections and the global pandemic. the more industrialised an economy is the stronger it is. and the losers industry generates only 12 percent of the
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region's output far below the spanish average it still depends largely on tourism and agriculture for its revenue but now the local authorities have decided they want to change that and make the region more crisis resistant the 1st step is about reducing red tape. came to be a government which is a partner for companies. limit of that is to only demand the paper work that is really essential. jose move you know start up is located on the outskirts of seville he wants to make people's homes more intelligent morio sensors can be used for many tasks from alarms to recording energy consumption levels he says he hasn't noticed any of the economy ministers new alone. we hardly heard any support there are loads of support policies but lots of paperwork to go with them and the start of often can't handle the time and effort needed. another stumbling
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block especially for data driven companies is finding suitable staff. it can be like looking for needles in haystacks. or me for me a full time which i found particularly frustrating you know you go to the university and find maybe 2 out of a 100 who have any real passion for the work and raring to go that's real difficult it's basically more about culture of a. more traditional companies like elevator makers face the same problems which have deep roots in on the loose and we're not that way at up i forgot i'm not some very long term project and everyone will have to join in the noise from that it's not something you can solve administratively. everyone has to get involved families schools universities and companies often but i shall you tend to lose years government wants to convince young people and their parents that school qualifications on the profession are more important than making a fast buck and tourism or construction. well it's paris fashion week end with
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a catwalk canceled due to the pandemic fashion houses are having to get creative chris young your has reached into its past unveiled dozens of tiny dressmaker mannequins for its newest collection each dressed in a series as a miniature and a life sized version and is a throwback to the traveling truck collections of the world war 2 era present a collection whoever comes with its own film of course. that's it for me and the business team as always you can find out more online about these and other stories dot com slash business it's watching.
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numbers of corona virus infections in meat processing plant. crude treatment of livestock transform to the cross near a. terrible living on what conditions for employees. how toxic is the meat industry. global 3000. next on d w. i'm not long think that well i guess
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sometimes i am but i say laughing with that research i have been thinking consider jemma culture of looking at the stereotype question in here think this leaves the country behind our. need to change the picturesque drama there. it's all about a new i'm rachel join me to meet the chairman fronted up the. post. this is some dope story a stubborn rice farmer from thailand. this problem. is crito no chemicals his wife thought it was crazy. and. step.
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forward. but don't stand a chance. thank. you. dr chatter. starts judge himself. judge. welcome to global 3000 droughts is on the rise in china sea and water is becoming an ever more precious resource how our farmers that. we look at the meat industry and find out what conditions are really.

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