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tv   Business - News  Deutsche Welle  August 4, 2020 1:30am-1:46am CEST

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3 life stories and their journey to the top leagues. 60 minutes d.w. happiness is for everyone schumann penises are very different from primates we have a totally ridiculous sized view of nature. and this is climate change raises sex happiness in brief books you get smarter for free books. that's been a head spinning past few days for tick tock donald trump wants to ban the popular video sharing app in the u.s. microsoft wants to buy it at least in part odds are now in the latest flashpoint in american chinese tensions. also on the show kenya airways resumes international flights after a pause due to the pandemic and the troubled flyer now take itself out of
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a financial hole. 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 sign for the global recovery. welcome to the show i'm stephen beard's in berlin it's good to have you with us microsoft is in talks to buy the u.s. operations of social media platform to talk a development that would prevent a much feared ban of the app by washington of the american software giant hopes to seal a deal by the middle of september and appears to have a thumbs up for now president donald trump. 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 trump is giving chinese own social me. platform tick tocks 45 days to
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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 a 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 by dance is under pressure but china isn't backing down or look or you may call on 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 at the truth. in beijing
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residents say they're surprised that an app has been dragged into a fight between politicians. good advice and that you hear it thinking i think it's because the united states china relationship has really deteriorated recently walk . out now you waited till we use many apps and software is that were developed by the u.s. to 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 this it will 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
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talk to our correspondent there yes quarter good to see you so how close are microsoft and talked to a deal. well i mean wall street seems to believe very close the stock of microsoft going to a good fight finish off percent year on monday from 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 a short or 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 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 spoke whatever that. means there are still
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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 all right trump angling 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 it is the fastest growing social media company in the world just in the u.s. roughly 882100 1000000 you were there's worldwide we're talking i'm 800 $1000000.00 sold so that would be appealing to microsoft also has the money of every 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 the good to have 1st seen a lot of criticism how they 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
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right in the middle between the 2 superpowers on the world fighting each other not a comfortable place to be or a u.s. 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 824 the retail was already facing hard times due to the rise of online shopping and that's despite being purchased by french company le turret last year even parting with its flagship 11 story building in manhattan wasn't enough to stave off the company's collapse. siemens health nears 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
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months on saturday as the country eases coronavirus restrictions kenya airways estimates the virus will cost of between 40500000000 dollars this year and that's forcing the airlines a lay off hundreds of workers and seek government support. on iran. it was a day of celebration at nairobi's 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 a 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
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me to be able to impart force into the country that is really important especially where we live in the coast and realize there's a lot very great for 3 to 10 people. 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 because the farmers who really need this particularly this started when there was short to go for 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. rites of kenya airways is flying again but economists around the world are looking for broader global signs of recovery and
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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. so 3 of ranks is 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
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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 daunted i'm as it seems and i think been 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
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. pex it could still get to the shipyard slot contracts will be a great help to the korean ship building industry with john de heavy and samsung are expected to benefit greatly from this l. and g. carrier 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 the business team here in berlin as always you can find out more about these and other business stories online at d w dot com slash business i'm stephen beardsley thanks for joining us.
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on a new era has become. the fire. believe me the fame holmes has. places such as the flames that consume forests and entire
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residential areas from. rising temperatures water shortages claims clearance there's an abundance of flammable material once again to. stop the fires. the moves going up against the conflagration the world on fire starts aug 12th w. 6. to go beyond the obvious. to me. live. as we take on the world. we're all about the stories that matter to you and. what ever is. running out. in the. w made for mines.
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a meal time to complete the 2nd season of only good. things about the environment it's still about society it's still about little planets on the brink we spoke to several leading experts in the field. to get just the only real sense of. welcome to arts and culture we've been away for a few months but we're very glad to be back on air and today we're going to sulzberger for an experiment of operatic proportions the salzburg festival is 100th edition got underway this week and this spite the pandemic so can it be done
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the culture world is on the edge of its seat. and also coming up on arts and culture artists and some key for a symbolic poetic approach to confronting the dark chapters of german history. and when high fashion doesn't sell designer duran line take puts the clothing industry's cast offs back on the runway. 1st though what last year might have been artistically daring is this year actually potentially dangerous operas plays and concerts performed in front of a live audience for a month in the middle of a pandemic well in its 100 year history the salzburg festival in austria has only had to cancel one time and that was during world war 2 this year organizers are determined to stay open. on stage everything is that
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should pay that's cause you can too.

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