tv Business - News Deutsche Welle August 19, 2020 11:15pm-11:31pm CEST
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it's going to be a great match and i think that wind but many people are definite favorites to win what would be for them a 6 so i feel with the champions league or the european cup and in lisbon thank you thank you you're watching the news from berlin coming up next business with my colleague rob wants to be back just after this. beethoven scientists did to did do. did is it does the job of 16. true. grants of stolen beethoven. and
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of course the subconscious always one thing is clear blue. is wildly popular. and she assured. the biggest composer of the time i can't even begin to imagine a world class horn player sara willis on a musical journey of discovery. without a. start september 16th digital you. apple and says uncharted territory becomes the 1st u.s. company to be worth 2 trillion dollars we'll ask ours managed to do that despite the coronavirus pandemic also coming up. secured a deal to restructure $65000000000.00 in its foreign debt but many of the business
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is key to reviving the economy struggling. i will visit greece for a look at how europe's summer travel season has fared in one of its tourist destinations and the year of the pandemic. this is deja vu. robots in berlin it's great to have you with us apple has become the 1st u.s. company to reach a market value of 2 trillion dollars it's shares have soared almost 60 percent this year despite a shutdown of the chinese factories where producers i phones and the closure of its retail stores during the pandemic the rally reflects growing investor confidence in apple strategy of shifting away from selling devices and selling services to its users. but speak to our financial correspondent in new york jose luis to hire jose apples currently the only 2 trillion dollar company were world wide with saudi aramco slipping back under the 2 trillion mark since it listed last year what is
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apple doing right. i would say that basically keeping the customers like myself very happy and loyal but also in tangle in need the ecosystem which keeps getting bigger and bigger and that's why the company double its value in the last 2 years before and as you mention it's no longer a one trick pony for apple while the rest of the hardware business which includes computers and has shown a lot of stability over the years and it's been reinforced with the worry about such as a watch all the airports about currently services a business is becoming. into sensual for for the future growth of the declared music in a t.v. stream in a new subscription but most importantly it's up store said the ups store eater coming in now under pressure from regulators and pose a risk seen there near
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a medium term also to keep in mind. and the ongoing tech war between the u.s. and china. apple stocks clearly soaring but test tech stocks in general if a massive role in sending u.s. stocks to record highs of recent they said how long can that actually continue. according it to twitter in desks a rubber there is a still potential 40 s. and p. $500.00 to rise at least another 7 percent until year end but i would say it will depend a lot on the recovery how longer deferred it's going to keep pumping massive amounts of liquidity in and i commend asian to deceased him and also how quickly legislators in washington can approve more stimulus for consumers bigger tech companies that have a very solid balances right now and benefited a lot of from dell lockdowns and deep and still consumption it's a 2 thirds of the u.s. economy and it will be crucial for big tech and also for many other industries or
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to keep the current bullish market alife financial correspondent jose luis tahari joining us from new york now to some of the other global business stories making the news. amazon is planning to create $3500.00 jobs in the u.s. after doubling profits in the 2nd quarter is looking to recruit engineers i.t. specialist and administrators 6 of amazon's u.s. hubs will also be modernized as part of the $1400000000.00 expansion. us president donald trump has called for a boycott of goodyear tire rubber company after employees in kansas were told not to wear politically affiliated slogans such as make america great again in a tweet trump wrote don't buy goodyear tires they announced a ban on hands. on line food ordering company delivery route
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delivery hero to replace wild card on germany's dax index berlin based on some of the world's biggest takeaway delivery brands. will leave the dax next week following the scandal over a 2000000000 euro hole in its finances. and loved ones as reached an agreement with pilot server a package of short term measures to cut costs in return for job guarantees through next march the pilots union has agreed to reduce top up payments to short time work benefits as well as cuts to pension benefits until the end of this year. now and tina has just clinched a deal to restructure $65000000000.00 of foreign debt small and medium sized firms should be preparing to play a crucial role in the economic recovery but they're struggling to survive after 2 years of recession high inflation a debt crisis and now of course covered 19. school or winners textile
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factory in a bonus ari's suburb has been through many crises but this one could be the last the machinery has stood idle for months because of the coronavirus pandemic sales have disappeared the firms 18 employees are stuck at home in front just go away now has given up hope. moment when i say it's the worst moment in the company's history that's based on the fact that over the last few years our business has suffered it's been punished especially because of the financial sector. we've been paying interest rates not considering charges with loans we've been financing ourselves from banks that does not allow for growth in the company on the contrary. but now argentina needs people exactly like him medium sized companies account for 70 percent of the country's jobs they are needed to revive the economy after the debt
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deal and bring back much needed foreign investment instead the opposite is the case in the 1st half of the year 28000 companies went under that's as much as in the last 4 years combined the bad torah restaurant is among them. and the problem is the pandemic we decided to close down locations one week before the formal lockdown we told it would just be for a bit of time and then after the 1st or 2nd month we started to realize that it was impossible to keep the locations open air big restaurants with a lot of personnel between 25 to 30 people precise it was practically impossible for us and the moment arrived to take the decision to close the locations. economists expect argentina's economy to contract by 10 percent this year. but without economic growth the new restructuring program looks destined to lead to another sovereign debt default. it's now been 3 months since grace
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reopened to tourism one of its most important industries the sector accounts for a quarter of greek g.d.p. with 33000000 visitors a year and then no more here of course 2020 has hardly been a normal year. so retiring to santa rini if sparingly normally alleyways or fill at this time of year but this summer many hotels remain closed. there are few guest from the u.s. and china and most of the look of wedding receptions have been postponed until next year photographer demitra bratty is getting a whole new perspective on her rail and experience something unique here because. we're sitting here for 10 minutes and nobody. here all the photographers have their cup this year and they were waiting for cue the foot or so many local
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businesses have already written list season off for the tourists themselves the situation is relaxed. it's a strange feeling still be here and normally it's probably. it's great crowds. it's a holiday in greece. prime minister. the country back in june and he promised extra doctors for the island the public hospital in santa really has 5 new health workers and several intensive care beds luckily they haven't been needed so far the lives. we have been tasting here since last month doing molecular analysis you get the result back in an hour. the mood is mixed among hoteliers. an explosive hotel which our family has owned for 30 years none of our regular guests have come yet she also sees the coronavirus pandemic as an
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opportunity a chance to rethink. tourism want it back for a couple of years for sure at the levels that they where so they should maybe concentrate on their farming and on the winds are something else to make their economy more sustainability especially under any. sustainability is the big theme right now in santa really the popular island wants to limit mass to resume including cruises. just launched a new program. we hope in a couple of years we're going to be. free plastic free. completely free from plastic. we're going we're going to use anything that is plastic. and even if we use it we're going to decide that people on santa's really want to hear to resume new directions for the time being everyone just hopes the infection figures remain as low as they have been among locals and
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tourists. and finally collectors have set their sights on a very special lot to be sold at auction in the u.k. later this week a pair of spectacles worn by mahatma gandhi. in the city of bristol on friday. the indian independence thing is iconic rim's well found stuffed in the auction houses letter box with a note saying that they were indeed glasses a lot has already exceeded expectations with passing 55 pounds she told us. and also from a in the business team here in berlin you can find out more from our website p.w. dot com slash business.
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