tv Business - News Deutsche Welle August 8, 2020 1:30am-1:45am CEST
1:30 am
any puzzle yourself it's not easy to go to another country you know nothing about the wife of i don't do this because we can't stay out and it's way into almost a play that. closely global news that matters d.w. made for mines. a rollercoaster ride a resurgence in new coronavirus cases chokes off a proper recovery for the world's biggest economy killing the job market will take a lot more. the u.s. and china locked horns in a growing digital dispute and executive order targets to chinese success stories to talk and we checked. and what do you get when tourists stay away in cape town's case m.t.v. chiz and street tourism operators it's survival of the fittest.
1:31 am
and ventures all that let's do business u.s. employers added $1760000.00 jobs last month that's much more than analysts had expected unemployment has now fallen from 15 percent at the peak of the pandemic to 10 percent marking a steep decline what is a return to jobs with restrictions lifted of businesses in major cities like new york while some economists are optimistic cases of coronavirus are rising go back to. the report this morning is just another proof point in this roller coaster of an economy that we find ourselves in and we are seeing early signs of recovery we track job to me and daily and employers are increasing their demand for new jobs in our country so we're we're on the right path and i think the the report shows that . let's get the view from now will street correspondence course is the world's top economy on the right path as we heard that we also have had about
1:32 am
a rollercoaster ride and there's that 2nd white business well i mean clearly that is one of the big on no one so what might happen health wise if there might be a 2nd wave coming in fall but even without that we shouldn't forget that layoffs actually would be much higher was out all those billions of dollars that the u.s. government is spending airlines for example have hinted to again and again if there won't be billions more to support the industry a mess layoffs will happen and the same is true also for other areas some having that said to sure almost 1800000 jobs within one months that is quiet press of but we also shouldn't forget just for the months march and april we lost a good 22000000 jobs here in the united states and even if for 13 security for months there were job gains in the millions we're still shy about 13000000 jobs
1:33 am
from it when you compare it to where the u.s. economy and the labor market start in february that is a lot thanks for joining us well stocks took a dive on friday the white house has bet and u.s. transactions with 2 of china's tech sensations messenger app we chat and buy dances video sharing app to talk. 8 9 2 4 ringback music videos on the screen with data espionage in the background that's how u.s. president donald trump sees the popular chinese social media app tick-tock he issued an executive order banning u.s. transactions with the apps parent company bite downs it's due to take effect in mid september the white house says the app threatens national security by allowing beijing to spy on americans. china denies the claims saying washington is just upping the ante in the ongoing trade conflict maybe. the us using national security
1:34 am
as an excuse frequently abuses national power and reasonably suppresses companies of other countries this is an outright hedge a monic act and china firmly opposes it. tick tock owner bite down says all the apps data for u.s. based users is stored in the u.s. with a backup in singapore washington's latest move hasn't gone down well with people in china. because i don't agree with this move from the us it restricts free business but also offends those americans who like using ticktock any of them. i don't want to use american products only nor will i will support chinese products instead and support our economic self-reliance. the white house says the ban could be avoided if a u.s. company buys the apple software giant microsoft has expressed interest in acquiring
1:35 am
ticktock it's confirmed that it's in talks with bite down through another u.s. executive order targets chinese tech giant 10 cent holdings the owner of which at the messaging and social media which is hugely popular in china could soon also be banned in the united states. i asked analyst craig earldom about the significance of the u.s. banning of we chant 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 that that's taken it's not entirely clear but if it if extends for example to the scope of you wouldn't be our allowed to download it on an i phone because apple's an american company all on and would be his 1st for 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. is going to have a response from china so you again you're looking at the u.s.
1:36 am
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 will timidly going to be targeting 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 great let's talk about the chinese perspective because the chinese foreign ministry accuses the u.s. of suppressing foreign companies that's exactly how beijing operates. it is and it's one of these really difficult savvis the yukon necessarily argue with the point on data privacy it's become such a hot topic just here in the in the e.u. now over the last few years g.d.p. everyone has become obsessed with data of 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 you
1:37 am
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 across many ways clued in the coronavirus but also chinese tech as well the trade will proceed with 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 like 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
1:38 am
considering is very uncertain times and considering it's now entered this news new phase entering 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 start to get brushed under the broken joe biden would act very differently with respect to china even though he has been backed into a corner and forced to adopt a slightly. out of it's all we can solve as well if he does get reelected then really. truly whether this is just a political campaign or whether there is something more to it use technology for signal to transfer that cetera is a key part of the trade talks so 2 i suggest that we could have many more years of the standoff between the world 2 superpowers curriculum thank you very much to some of the other business stories making news chinese exports rose by 7 of the half percent last month in comparisons with dust year sales to the u.s.
1:39 am
increased despite the trade war with washington and the knock on effects of the coronavirus. and german exports jumped by 15 percent on the month in june economists warn a full recovery is a way off exports are still significantly under prepared and they make levels. tens of thousands of jobs are on the line in cape town the drying up of wine tasting tourists is threatening dozens of farms and many more businesses are on the brink as operators turn their hopes to domestic travelers experts say it's going to be survival of the fittest. it's been invented africa's top tourist destination many a time at night numerous destinations around the globe cape town's tourism industry has been hit hard by the pandemic hotels the rent and so you take towns most photographed streets in the colorful boat companies are heard. local talk guide
1:40 am
reffing jacobs hasn't welcomed any visitors in 4 months. though the residents enjoy the quiet the economic impact here has been huge. but he had news that it did cut down. on the lot of people obviously there. so we could pin on tourism and you would find that they were in that having to sell clothes or mosques anything just so that they could generate an income. rafique now has to tap into his savings he's one of 90000 cape town hands who could lose their jobs in the tourism sector. south africa is currently experiencing a rapid rise in 1000 cases borders will probably stay closed until december january 2021. to mitigate job losses the tourism industry wants to open business for south
1:41 am
african travelers. focus on the domestic market which allows us to also with all the safety protocols we have in place to make sure that not only the international locals are. the nation's. for rafiq jacobs the way out of the crisis is going digital he wants to offer a virtual walking tour through the neighborhood he knows the experience won't be the same but during the current crisis adaptability is key to survival.
1:42 am
1:43 am
sustainable charcoal production olympus odes are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters now. i'm not laughing but then i guess sometimes i am but i stand up and with that. thanks to you consider jam a culture of looking at him stereotypes a question that is sinking piece of the country that i not. even seen from take his grandmother day out to eat it's cold out ok next time a job join me to meet the gentleman from d.w. post. in the height of climate change. or sit. ups and still people.
1:44 am
want to do years do they have their future. g.w. dot com make a suit against the canadian. clear cut or. is recycling the future of architecture welcome to arts and. culture well we'll be asking that question and also coming up dial versus substance redefining the parisian woman beyond cliches about how the lips and fancy scar. and transforming a nasty old mattress into a belgian waffle or maybe as i see taco trash fast food sculptures by artist
1:45 am
count. but 1st the fridays for future youth movement against climate change has inspired people around the globe including architects here in germany a group called architects for future is pushing to reform construction for instance by renovating buildings instead of demolishing them the goal is to help stop global warming. we're told we need to build more especially livings but the big question is how do you do that sustainably the building industry is responsible for more greenhouse gas emissions than all traffic combined and it produces more least in the industry. 50 percent to 40 percent of greenhouse gas emissions in germany and 60 percent.
25 Views
Uploaded by TV Archive on