Skip to main content

tv   Business - News  Deutsche Welle  August 10, 2020 8:15pm-8:30pm CEST

8:15 pm
and demi corruption but some blame for the blast. my colleague brant goff will have more headlines for you at the top of the hour in the meantime remember you can always keep up to date on our website w dot com and follow us on twitter and instagram that's abstain double units on the couplet for me and the entire team here for lent thanks for tuning in. the middle. of climate change. summit to. do yours today how for the future. google dot com 6 major cities the making. clear cut your.
8:16 pm
passion to drama competition marketing numbers atmosphere by the time intuition and love hate money show united fans from 5 spams and friends. on you to join us. after years of solid growth the coronavirus stocks gone us economy in its tracks tens of thousands of people have lost their jobs and many more have seen their paychecks slashed we lost our correspondent in a crowd whether the country house what it takes to bounce back from the price is. also coming up the clock is ticking in an increasingly high stakes race to buy video platform to take talks and american operations. china cracks down on small
8:17 pm
trader astonishing their stalls to the edge of time but is the government underestimating their importance to the economy. this is a business i'm quite ferguson welcome to the show when ghana confirmed its 1st covert 19 infections in march it was swift to impose lockdown and in some of its largest cities this approach coupled with a sharp increase in testing allowed the country to become the 1st in sub-saharan africa to ease movement restrictions again despite this the economic costs have been grace a new survey shows just how badly businesses are hurting. god has been spoiled by strong growth rates in recent years now the corona virus has hit the west african country hard and experts are forecasting recession the government has also promised 600000000 cd or about 88000000 euros to help small and medium sized businesses but the labor market is also in crisis. results in the cove in $1000.00
8:18 pm
business trackers surveys show that about $770000.00 workers had their wages reduced that's more than a quarter of the total workforce about $42000.00 employees were laid off during the country's partial kopek 19 lockdown. one glimmer of hope business is arm proving their digital sides more than 240000 companies told surveyors that they were using more digital solutions for their business models these include mobile payment options and online sales. now a decade and a half of growth has helped transform the ethiopian capital addis ababa into a modern city but the pandemic is threatening to undo much of the progress that's been made. as a housekeeper in a rich household ancel a highly has been versed in towards a better life but the time demick has so that we don't get infected. with around $23000.00 covert 19 infections ethiopia hasn't been as hard hit as other
8:19 pm
countries but the economy has been dealt a special blow with growth slowing from a projected 7 percent this year down to 3 that may be better than no growth at all but ongoing efforts to combat poverty stalled it sounds a little doesn't know how she'll make it out of her heart on the outskirts it's about you. know what we're getting in a state we're above the dead and below the living this is not life mad and. during the time to make the government has lost around $1200000000.00 worth of revenue $2500000.00 jobs are in danger the world economy needs to recover before ethiopia can fight its way out of the crisis if we see a kind of normalization. of the global pandemic of the year in which depend on the control cases or role there is there's progress towards
8:20 pm
a vaccine i think it can rebound quickly. she has to deal with on just a single mother and she wants her daughter's spirit the hardship she had if she can help it. twitter has held talks with talk owner by downs with a view to buying the video sharing platforms us operations the news comes as take talk finds itself under scrutiny in the united states with president donald trump threatening to bomb the company u.s. tech conglomerates microsoft remains the front runner to acquire to talk but some analysts say twitter could face less regulatory examination but it's bad. for more i'm joined now by alison stewart allen from international marketing partners in london alison good to talk to you just twitter i have a chance of getting microsoft for to talk to us operations well believe it or not i think twitter actually does have
8:21 pm
a good chance i think one of the things that twitter is a very hungry for is access to more video content but also to capture a market which will be children those sort of between ages 5 and 15 who traditionally use twitter don't really know of twitter aren't engaged with it of course children that age very often already gates with microsoft through p.c.'s now with home schooling lots of software applications in the office package are accessed but frankly for twitter this could be a huge win ok so we have 2 major companies in the running here but why do you want to twitter share potentially face less wreck the transformation even microsoft. a couple of reasons number one the size of twitter you know it's a 20 to 29000000000 dollar company not that that's small by any measure but compared to microsoft it's
8:22 pm
a tiny little irritant in terms of microsoft you know the latest valuations have at somewhere around $1.00 trillion dollars so you're talking about you know $56.00 times the size of twitter and when you have a company that says that big of course it gets a lot of attention from regulators and a lot of other bodies that are concerned about ownership of and controlling up a number of social media and computer programs and interface interfaces whereas with twitter because it's relatively speaking smaller it probably would therefore have less scrutiny because of its size and for those who might not be so familiar with take top highly valuable and acquisition would it be. well i think it would be fantastically valuable from twitter's perspective because it hasn't traditionally had access to this younger group of customers but the more
8:23 pm
important thing is it would get data which is the lifeblood of twitter and also show media outlets for that matter it would get data about children now there's an ethical question here which the regulators no doubt will want to look into but the other thing it would get in acquiring to talk because to talk is traditionally in its short life focused on younger people is it would get a slew of advertisers that also want to capture that maybe 5 to 15 year old target market where historically twitter has not really had those companies spending their advertising dollars or euros with them for that group so it supposes twitter to a wider group of advertisers which has to be a good thing in volatile economic times like we're in right now some huge growth potential alison stewart allan thanks for speaking to us. thank you now
8:24 pm
a small stalls on the side of the street may not quite represent the true extent of china's economic dominance but proponents say the flexibility and simplicity they offer could be key in the recovery for the coronavirus local governments though are reluctant to promote this form of enterprise leaving small vendors restricted to the outskirts where it's harder to make a living. sheeple night market is located at an hour's drive from chengdu city center. and is one of the places in the western chinese metropolis where vendors can set up stalls without any special permission when one has just recently stopped a time manicured business she'll tell you you need to get her early otherwise all the spots are occupied. with the economy slumping and unemployment on the rise the government is encouraging people to engage in smaller trades bring used to work in
8:25 pm
the h.r. department of a big company. you know how the epidemic is change the job market. those companies who survived are treating employees differently they don't care about their employees because they think you won't dare to leave i quit because they made me work a lot of overtime. and they're not going to just up and. until recently this was how china wanted its retail industry to look like a real estate in a city neighborhoods torn down and replaced with shopping centers many of them catering to the luxury 2nd markets and street stores were driven out of the city up to today vendors from set up their stores and turning to city center face hefty fines but some take the risk this man who does not want to reveal his name used to work on the city's construction site this. is no way to find employment right now you know i'm getting too old for these jobs so i set up the stall i keep. like him
8:26 pm
are called area vendors in china they show up in popular places and quickly leave when officers approach with few other perspectives he invested his savings into an old motorized tri-city say you call it you say oh my business is not really good it's just enough to survive and pay my rent i have to make a living somehow only out so you know with the way i. despite encouragement from the central government cities a hesitating to allow them back to vittie is often limited to the old school after quitting the office job one was looking forward to being her own boss but quickly had to learn that you really want freedom has its limits too. there are days when business is bad and you just don't feel like coming back the next day but if you do that you'll lose many customers there are rules in this business and one is that you have to be there consistently if your customers know you will be here and they
8:27 pm
will come if you are here one day and the next day you're not it won't work well. for a long time of fishes and citizens for street stores as a remnant of the past but for one does not have plans for the near future. shares in hong kong media firm next digital have soared by more than 300 percent in afternoon trading pro-democracy activists called for investors to rally behind the stock after its owner jimmy lived was arrested under the city's controversial new national security will meanwhile his group's main newspaper aapl daily to continue publishing. consumer prices in china rose in july by almost 3 per cent mostly driven by higher food costs prices soared compared to last year particularly vegetables on pork
8:28 pm
heavy flooding in some of the country's most important agricultural regions has affected the country's postpone demick economic recovery pushing up the price of fresh produce. that's all we have time for for more you check out our website at www dot com slash business we're also on facebook on twitter to check us out there as well for me on the team it's goodbye and take care.
8:29 pm
absurd regulations never ending permit procedures frequent lawson's germany's power industry is facing soon dodge opposition. why is that mr khan who has a vested interest in seeing wind energy fail. struggling energy transition comes up. in 60 minutes on g.w. . water and on demand.
8:30 pm
contrasts language courses. video and audio. anytime anywhere. media center. this is state of the news africa coming up on the program a state of emergency in riches after more than 100000 tons of cargo leave on to its water so how bad is it also coming up. kono virus infections are on the rise across africa with more than a 1000000 infections but despite those many governments left in the restrictions plus.

24 Views

info Stream Only

Uploaded by TV Archive on