faces a u.s. and ban the trumpet ministration has a security concerns about is a sale to microsoft the solution. to that and more is coming up next with stephen beardsley stick around we'll be right the. entry to any place full of surprises. some tips going to be in the footsteps of the great. concerns. the fleet street.

3 times i want. to marry my challenge. to such an agenda. clear exactly. the sun. our culture history the. c.w. travel extremely worth a visit. that's going to head spinning past few days for to talk donald trump wants to ban the popular video sharing app in the u.s. microsoft wants to buy it at least in part all eyes are now on the latest flashpoint in american chinese tensions. also on the show kenya airways resumes international flights after a pause through the pandemic and the troubled flyer now dig itself out of a financial. old. and south korean ship builders are crossing their fingers for new

orders of l. in g. tankers something that would keep their industry afloat and be a positive side for the global recovery. who are welcome to the show and stephen beard is in berlin it's good to have you with us microsoft is in talks to buy the u.s. operations of social media platform tick-tock a development that would prevent the much feared band of the app by washington of the american software giant hopes to seal a deal by the middle of september it appears that the thumbs up for now of president donald trump. office life today would be unthinkable without microsoft word and excel but so far the world's leading software producer hasn't had a social media hit among young people that however could be about to change. president donald trump is giving chinese own social media platform tick-tock 45 days to sell its u.s. business

a chance for microsoft 2 8 3 2 2 4 8 9. tick-tock is an internationally successful social video platform that allows users to upload edit and mima 5 short clips and watch clips created by others available worldwide it's owned by chinese company by dance that's a problem for the u.s. government trump wants to curb beijing's influence in the united states along with other chinese companies might dance is under pressure but china isn't backing down or look william if i mean we call him some individuals in the u.s. to listen carefully to the voices of the international community to provide an open and fair environment for each market and its investments in operations in the u.s. to stop politicizing economic and trade issues to stop abusing the concept of national security to promote discriminatory policies and how to. in beijing residents say they're surprised that an app has been dragged into

a fight between politicians. good advice and i to hear it thinking i think it's because the united states china relationship has really deteriorated recently to me walk. and you may sound all you later we use many apps and software as that were developed by the us take talk has been successfully gaining many users around the world but i didn't expect that due to political reasons this could affect the economy and even at users personally damaging as you know not so far microsoft successful ventures into the world of social media have been limited to linked in platform for career professionals but this deal with tic toc could give microsoft a larger market share with younger millennialism generations ahead with pressure from the u.s. government on tech talk microsoft says it's looking to purchase the american business operations by september the 15th. all right let's go to new york now and talk to our correspondent there yes quarter good to see you so how close are

microsoft and tick-tock to a deal. well i mean wall street seems to believe for a very close stock of microsoft going to good fight finish off percent year on monday if i'm not mistaken reaching a new all time high and we actually do know quite a bit so far so you already mentioned by september 15th that's when the deal should dock could be done but then there clearly also a couple of open questions and obstacles u.s. president donald trump for example is leaning towards microsoft not just buying the u.s. operations but chick talk as a whole and that would cost quite some money of the valuation for chick talk might be roughly at around $50000000000.00 so u.s. president donald trump also mentioned on monday that microsoft should pay some money to the treasury he so whatever it is that. means there are still a couple of open questions but at least i'm wall street was quite excited about the

possibility that this could happen within the next couple of weeks right troubling for a finders fee there what are the risks and rewards for microsoft to buying the fastest growing social media platform out there right now. you're starting with the letter you already mentioned it is the fastest growing social media company in the world just in the u.s. roughly 882100 1000000 you were there is world wide we're talking i'm a $200000000.00 sold so that would be appealing to microsoft also has the money they have a market capitalization of about $1.00 and a half a $1000000000.00 but then on the other side talking social media look what happened to facebook and all the controversies how they're guarding their content to all of they are going to have 1st seen a lot of criticism how that deal received hate speech and such that it's something that microsoft would have to deal with and then on top of it microsoft might be right in the middle between the 2 superpowers on the world fighting each other not

a comfortable place to be or a us court of their force in new york thank you very much. and let's take a look now some of the other business stories making headlines for america's oldest department store lord and taylor has filed for insolvency founded in 1904 the retailer was already facing hard times due to the rise of online shopping and that's despite being purchased by french company here even parting with its flagship 11 story building in manhattan wasn't enough to stave off the company's collapse. siemens health and here is looking to boost its business in cancer research the german medical tech firm wants to buy u.s. medical equipment maker ferry and for over $16000000000.00 the takeover is subject to approval from barry and shareholders and regulators. let's go to africa now where kenya's flagship airline held its 1st international flight in more than 4 months on saturday as the country eases coronavirus restrictions kenya airways

estimates the virus will cost between 40500000000 dollars this year and that's forcing the airline to lay off hundreds of workers and seek government support. of the top it was a day of celebration that nairobi is jomo kenyatta international airport after $130.00 days on the ground kenya airways is flying again the airline kicked off the restart of international travel with a flight from nairobi to london we are extremely excited. to start this because it's been. it's been 130 days since we we did these. airlines are supposed to fly and so we're back to business the airline is planning to serve about 30 international destinations for now the restart also means a restart of tourism in kenya a boost for the struggling economy i think it's very important for kenya to want to be able to fight for an entire country. very important especially where we live in

a customer life carries a lot very great or very determined. and it's not just a boost for the tourism sector the planes will also carry flowers meat and seafood from kenya to markets abroad. it is also very important for us to support bicheno farmers who really need this particularly this started when there was sort of your capacity in addition to that also we know this is really great need in europe for this produce. with losses mounting due to the coronavirus the airline has already laid off more than $600.00 employees and it's due to be read nationalized all this means a return to the air won't be a return to normal for kenya airways. rice of kenya airways is flying again but economists around the world are looking for broader global signs of recovery and orders manufacturing shipping in south korea they're looking to tiny koji island

that's a ship building hub and it has reason for optimism a suggestion that more ship orders could soon be on the way our correspondent frank smith has this report. south korea ranks as one of the top shipbuilding countries in the world but it's a boom and bust industry it takes years for south korea's shipyard hub of to feel new order's benefits. from signing the contract to construction takes a year to year in the hands resulting in a lack of work in the federal government have to manage this problem together to maintain employment and the ongoing viability of the ship building industry here. and maintaining viability has become more difficult as of late south korea's traditional key industries textiles steel auto electronics and ship building largely depend on robust international trade what happens here effects the whole

country but now because of the coronavirus those industries are particularly at risk with exports declining for 4 consecutive months but a $19200000000.00 agreement for south korea's major shipbuilders for up to $100.00 l. and g. carriers for qatar brings high hopes to the country shipyards with 200000 south koreans generating 2 percent of g.d.p. building ships one massive contract can make a huge difference. it's not done it on as it seems and i think in working at the shipyard for over 10 years and the industry has never been as bad as it is now and it's unlikely that the economy will recover for a long time unless these orders are finalized he is entitled to get and it's uncertain now how many ships will actually be built as the june 2nd qatar deal only reserves capacity at shipyards through 2027 still industry insiders are optimistic

told pecks it could still get to the shipyard slot contracts will be a great help to the korean ship building industry with a heavy daewoo and samsung are expected to benefit greatly from this l. and g. carry order and workers likely won't have to worry about their jobs and tools will help qatar's also reserve the construction capacity with other top shipyards not just in south korea where all it ships will finally end up being built is unclear. and that's it for me and if you know of your business team here in berlin as always you can find out more about these and other business stories online d.w. dot com slash business i'm stephen beardsley thanks for joining us.

journeyed through a continent in crisis south america is being hit particularly hard by the coronavirus pandemic poverty. health system. and political tension the ideal breeding ground for rapid spread of the virus hardship continues to grow close on. 60 minutes.

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