tv Business - News Deutsche Welle August 7, 2020 6:15pm-6:31pm CEST
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passengers. are. going to keep track of that story and bring you more in on the just a bullet for now you're watching news don't forget you can always find the latest information by going to our web site as to w. dot com or you on twitter our handle instead of you know somewhat iraq i'm going on behalf of. thank you for. the live my. life like. germany which. any time any place. names video novellas. have
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the benefit of quite the. songs to sing along to download it is to combine the 2 from super. to. have very close is kind of into active exercises are you talking about the d w don't come slashdot atlanta on facebook and the app store. jam and for free but w. the u.s. ratchets up a digital dispute with china a new executive order targets not just social media hit to talk about china's massive payments and messaging service we chat. business 7 sounds in south africa experts point out that the nation's recession was worsening even before the pandemic hit and will look at the economic impact of cup. 19 ok new as coronavirus
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cases in africa reach a milestone. it's the business world stocks took a dive today president of trump has banned the u.s. transactions with 2 of china's tech sensations $0.10 messenger app we chat and by chance is video sharing app to talk as global ramifications. in just 6 weeks those uploading videos like this one to mobile app tick-tock can find themselves on the wrong side of u.s. law. the u.s. has around 100000000 tick-tock users but not for much longer. washington issued an executive order banning u.s. transactions with tick tocks parent company the white house believes the app threatens national security saying it allows china's communist party to spy on u.s. citizens china refutes that saying the u.s. is merely upping the ante in the ongoing trade conflict and the u.s.
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taking national security as an excuse frequently abuses national power and unreasonably suppresses companies of other countries this is an outright hegemonic act china is firmly opposed to it the controversy centers around this company by dance based in beijing it owns numerous apps including tech talk and residents in beijing were not happy about the american moves. because i don't agree with this move from the u.s. it restricts the free business growth of tech talk but it also affects those american youth who like tech talk so much. that it will be in a robot i don't want to use american products anymore and i will support the chinese alternatives and economic self-reliance and what have you that way that. recently u.s. software company microsoft expressed interest in buying tick tock from byte dance the white house says if a us company bought that up the band could be avoided the. u.s.
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government executive order also focuses on 10 cent holdings the chinese owner of we chat hugely popular in china the messaging and social media app could soon be banned in the united states as well. of to senior market analyst data wanda craig craig what have been the significance of the u.s. banning we chat well i think it would be significant not necessarily on u.s. consumers because they are still quite limited in number but what the broader ramifications really would be the action of that's how you can it's not entirely clear but if it if extends for example to the scope of you wouldn't be allowed to download it on an i phone because apple's an american company all on and would be his has a similar reasons and all of a sudden the ramifications become far more severe also i think it's worth noting that any action taken by the u.s.
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is going to have a response from china so you get you looking at the u.s. tech space and say which u.s. tech companies are in china which u.s. tycoon riza trying to gain greater exposure in china because these are the ones that you hold some of the going to be saying this is from a chinese perspective going to be seen as an attack on chinese tech companies who want to expand globally and compete with the u.s. so we can expect that is not going to be taken lightly craig let's talk about the chinese perspective because the chinese foreign ministry accuses the us of suppressing foreign companies that's exactly how beijing operates. it is and it's one of these really difficult savvis the yukon that's certainly argue with the point on data privacy it's become such a hot topic look just here in the in the e.u. now over the last few years g.d.p. everyone has become obsessed with dates and what's what's happening with the data and what it's been used for so it's hard to necessarily disagree on the outside if
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you think if you believe if the u.s. government and maybe all the governments around the world believe that the chinese regime is going to have access to this day to be able to use this data for purposes that we don't. we don't agree with then it's going to be very difficult to. sell bill from the chinese side you could almost on the political angle as well and there is quite clearly a political angle with this step don't quite strongly is his is china rhetorical of course many raise a clued in the current virus but also chinese tech as well the trade will proceed at all of this and how to tackle them into it as well so there is clearly a political angle as well so you can almost on the argument from both sides but you wonder if this is successful and if the u.s. does bond them and it does make it difficult for american companies to effectively promote these chinese tech firms in other countries follow suit at any tech company in china looking to expand that is going to have a very difficult time really briefly how do you see the trade war developing
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considering these very uncertain times and considering it's now entered this news new phase and during the digital sphere. well the biggest factor in sense of the trade war comes and those present donald trump get realize that if it doesn't then perhaps this. little broken joe biden would act very differently with respect to china even though he has been backed into a corner and forced to adopt the slightly. out of authority himself as well if he does get reelected then we will truly whether this is just a political campaign or whether there is something more to it use technology for technology transfers etc as a key parts of the trade talks so 2 2 i suggest that we could have many more years of the standoff between the world 2 superpowers curriculum thank you very much and just to point out how far reaching this story is south africa's main stock index abruptly ended a 4 day rally today and because the index heavyweight naspers plunged following
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trump's executive orders the south african media group has the one percent stake in chance and attend st well south africa has bigger problems on its hands the coronavirus is hit it hard as din africa and the economy faces its worst crisis since the end of apartheid a survey of executives shows sentiment folding companies continued to shed jobs even as manufacturing activity begins to pick up again at least say the nation's largest old latest credit downgrade to junk status has nothing to do with the pandemic they blame the government's chaotic economic policy. as we're going for the wet in johannesburg philip just as this pandemic has shown up companies that was struggling before the crisis the same goes for countries and their business practices. and of course they regulate what we find in south africa is that a lot of companies are now saying we have to pull back on in basement we simply have to hold on to our cash because we don't understand what the government is
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doing we don't understand the regulations that we have a continuing ban on the sale of al called that's affecting breweries it's all sort of fitting glass manufacturers they're continuing ban on the sale of cigarettes and there's an ongoing cold case about that cigarette companies are now saying we can't invest in this economy and of course others in the economy also looking at this and saying our trust is fundamentally broken here the future does not look right we know that consumer spending is going to be low but on top of all of this our relationship with the government has been severely dented by this and that in and of itself is causing this pulling back our basement to make create a brighter future what south africa got to do to get out of this economic crisis. well we know it's going to be bad i mean the whiskey scenarios at the moment is talking about something like 50 percent unemployment and those are the official projections coming from the government so the government has really said that this is an emergency situation and they've called on south africans to take everyday
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actions to listen impact of the virus and virus spread that's kind of the immediate thing they've promised to take firm action in terms of corruption and the kind of wastage that south africa has been dealing with for decades and there's a lot of cynicism about the ability to do that now under the circumstances of these new borrowing a new international daryn but you really a lot of the talk is about talking more so the government and various departments keep saying we will sit down with business we will figure this out we are a resilient nation we will come up with plans meantime the business sector is saying to us well we hear all this talk about consultation and something hasn't happened yet. just really briefly yes or no a lot of experts say this is the government's undoing what are the chances of the government turning things around. it's happened before south africa has clawed his way back from extraordinary problems before so yes there is a possibility but things are as bad as we've seen them in modern south africa
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certainly philip thanks very much for your analysis. and it's not just south africa which has been badly hit by the virus the pendennis impact is also being felt everywhere on the continent including east africa's most advanced economy kenya. coronavirus precautions are now a common sight in nairobi masks and hygiene measures are required but despite these precautions the number of corona virus cases in kenya has been growing rapidly the pandemic has already hit the economy hard and with africa now exceeding 1000000 confirmed infections fears are growing that things could get much worse if you see seize we work so that we can eat but since the 1st case of 1000 was announced i have not been able to work life is difficult and it will only get worse now that the continent has more than 1000000 cases and with infections continuing to increase i wonder what will happen when we get to 5000000. kenya
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is one of africa's success stories and it has one of the continent's best medical systems but the africa centers for disease control is keeping a close eye on the country it's warning that hospitals could be overwhelmed but many here say they cannot afford a 2nd outbreak. took out a loan to buy this car but now i'm unable to pay if things get worse i'll have to move out of the city and back to my home in the country side business is bad i don't know what to do. as the corona virus spreads across africa kenya is very development could be at risk. german exports rebounded in june making up ground lost during the pandemic and pushing a factory out what exports jump by 15 percent from may that in turn spurred factories to increase production by roughly 9 percent for the month economists warn however that a full recovery is a ways off exports still significantly under their prepared demick levels. french
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wine production is cents rise this year according to france's agriculture ministry warm weather is expected to boost the grape harvest with a rise of 6 weight it's a heads up scale but the news is mixed for wine makers who've been struggling to made the 19 prances wine exports of poland and so the country's wine industry is negotiating production target with some producers looking to cut out to shore up christ's. and feeling the heat here in the studio today of tell you that guys doing business with you.
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the 50th anniversary here on d w. literature invites us to see people in particular that i like to see as the kids find the strength growing up her. might object to when i travel to find beautiful. to do the books on you tube. this against g.w. is a show on today's program and unwelcome milestone in india. the country's official could all know by the stairs lord still william the 3rd highest in the wilds how big a cause for concern is this we're also going to expire in delhi. and all smiles as true long talks fall for going to.
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