tv Die Anstalt Deutsche Welle December 10, 2020 4:30pm-5:30pm CET
4:30 pm
my. strong point to keep the flashes from closing time this is where it. will come to the 77 percent to me this weekend at the w. . me. me me me am. a warm welcome to this week's edition of focus on europe thanks for joining us today more and more migrants are hoping to reach the u.k. now because they fear and brags that deal may make it tougher to enter the country dreams of a better life are leaving them to embark on the risky journey from france across the british channel some are getting on tiny boats using shovels as paddles their
4:31 pm
goal is to reach the wide cliffs of the english coast the coast guard often has to help migrants in this press because the crossing is so dangerous most migrants are aware of how risky it is to cross the english channel they know they may drown in the icy water and yet hundreds still set out from the french port city of cully in hopes of reaching the british city of dover now authorities and friends are stepping up efforts to prevent my words from making the same tourist journey it's a daily cat and mouse game between the migrants and the french police. the. french police are on patrol in a gene sneak kalai searching for items that migrants might have hidden during the day before crossing to britain and they struck lucky 3 backpacks with personal belongings. at the front of it. and an outboard for.
4:32 pm
a 2nd you know a few meters further visiting. for. upper devonian said the function of this is the boat it's still very new that's current together it's not heavy. the police beat the refugees to the scene if they wanted to leave the same night it's more than 40 kilometers across the icy cold sea to the english port of dover. prevented a crossing that could have ended in a fatal disaster. the boat is much too small and the engine is not strong enough by far the most likely they would have capsized. 90 french policemen a financed by the british government to come on the coast their mission is to prevent refugees from reaching british soil. this is
4:33 pm
probably a gasoline canister it must have been lying here for a long time with. john down the no grew up here he knows the beaches like tobacco he sang. it over is over there. i wouldn't venture a to see this weather. further out the waves are 3 to 4 metres high. it's a dangerous passage narrow with huge container ships and tankers. a few weeks ago an entire kurdish family drowned in the same it wasn't an isolated incident nevertheless several 1000 refugees afoot to have made it to britain this year. many more refugees are prepared to risk their lives they come from example from eritrea it's all around. most of them have enjoyed
4:34 pm
enormous hardships and paid smugglers a fortune to get this far they see the police as a threat. this young man will call him abdullah is a refugee he tells us he comes from sudan he was persecuted and therefore fled to germany where he studied computer science but his asylum application was rejected they didn't believe his story. to germany at the university in seguin and still i'm not allowed to work i'm not allowed to do anything nothing makes sense anymore. after wants to apply for asylum in britain he's already tried to cross the english channel by boat but the police caught it it was a traumatic experience. yes they were very aggressive the french police were very aggressive. when you try crossing by boat exactly the police beat me twice.
4:35 pm
the refugees aren't allowed to leave but i am welcome to stay either several people tell us that the task force used tear gas and destroy their tents again and again pitch is a daily police arrest meant that a refugee posted online. now after wants to hide in a truck and reached britain via the channel tunnel a safer trip than by boat. but later the police find a refugee with sniffer dogs giving up is out of the question for abdo he will try again. though persecuted by the police the refugees are supported by aid organizations. works for utopia $56.00 which distributes clothes to refugees he's convinced that the controls lead to nothing but what it all rather controls only results in the refugees taking greater and greater risks and more of
4:36 pm
them and of drowning are the more the refugees are afraid of the police so they get into an adequate boat night sometimes the weather is bad but they try their luck anyway no matter how many gendarmes they use the number of refugees who want to go to britain does not decrease. a flu shot crossing in the eyes of the refugees a final chance for a better life for gendarmes we accompanied assured us that their unit behaves correctly. you're a job we do it with a tough hand but we remain humane our goal is to save lives. only us what's the solution for the refugees the police have no insult they say it's not their responsibility and so the game of hide and seek continues in the genes the caliphate. have you ever asked yourself where the material for the
4:37 pm
clothes you're wearing comes from well the consul maybe from turkey it's the leading cause on supplier in europe and it also has a booming textile industry but the demand for fast fashion a round the world may be forcing turkish chodron to work on cotton farms although the turkish government says it has officially banned child labor in each harvest season tens of thousands of miners have to toil away and the scorching heat. the song is so hard to sting so. but 10 year olds of eli picks the cotton tirelessly. while elsewhere other children her age play or go to school civilian or siblings have to work in the field with their parents and relatives. civility whether she ever had any free time. after breakfast my father says come on let's go and work and in the afternoon my mother tells me to look up to my youngest sister. she was upset when we asked
4:38 pm
if she ever had any free time to play. and that is 12 years old. he's been driving a tractor since he was 10. he says that he enjoys that but picking cotton is tough . every year he works in the fields for up to 2 months. that's how long the harvesting takes. and during this time he and the children don't go to school harder than option whatever we pick cotton from 6 in the morning to 6 at night when the sun the whole time it's always the same and the same for all of my friends. who are the 3 children so. it's my dreams of a better future. he wants to be a policeman. i want to have a steady income and i want my children to have a better life than me and give it
4:39 pm
a little less. severe lies mother also works in the field with the children. she told us that she is not happy that her daughters have to pick cotton. this is just clothes we want our children to go to school we want to offer them a good life i'm on the move the mother gets involved but we don't have any choice we have to make cotton it's my what can we do if we don't worry we don't have any money for. all of them so they should insist that. the families who work here come from villages as far as 50 kilometers away. during the harvest they live in tents. every fall tens of thousands of children work to help their families get through the winter even though child labor is officially banned in turkey. but there is no social welfare to.
4:40 pm
the owner of the land rama zone and knows the children are not supposed to work or families can leave their children anywhere they come for us every one of you. would have no alternative but to stay with their families they should go to school but who would take care of them so they're here to do in the harvest they have fetch water for the lot. of the families are paid per kilo of cotton $0.08 per kilo seville i can pick about 20 kilos per day. that's one euro 60. jugful professor said that's bennett has been conducting research into seasonal workers for years. he was cautious when we asked who was responsible for the fact that up to $50000.00 children work in the fields for several months each year. everyone knows the situation because of the coronavirus pandemic bill i should be
4:41 pm
in front of a computer receiving online lessons but she's doing something different and the economic situation doesn't allow her to do anything else even if you wanted to there's no computer those responsible are the key players in our society. does everyone know yes well anything be done you know. or you. know sell a surveillance 12 year old sister when she's finished picking cotton she helps to wash laundry. she also works the whole day remember the mocks the. getting i don't want to be here. i want to go to school. it's hard to earn a living i think school lessons are much nicer. i'd rather go to school don't work
4:42 pm
here. they have their mother does not think that her children are very good future prospects i think children's future looks like their parents future and on the big going to be working in the fields too. long day in the cotton fields come to an end so if you lie and nurse i'll sit by the fire for a while. maybe nurse ponder's over her feet before she can only dream of a better future. this is what's a proper english garden looks like impeccably kept great design a feast for the eyes but now there is that in this it's of in eastern england which encourages landowners to let go of this perfect large family to them is one of the founders of the project called wild beasts he is returning 20 per cent of his
4:43 pm
family estates to nature meaning wild animals and plants can grow and thrive as they want some of his neighbors are a bit skeptical of the idea but at least the animals love their newfound freedom. these large black says they are called and not to dig around in the ground almost anywhere on the summer lightning stage in the east of england team is a secret weapon of sorts for the station and found some late. they're very efficient you can you can afford to have quite a pig's. for quite a short time to get the to. the ground to a lot of open space for new seeds. some late news the state spans over 20 square kilometers and he calls the mansion home on the adjacent pantra 5 space for all the animals to roam freely far from history or typical english known distain china is
4:44 pm
allowing nature to completely reclaim on one 5th of his property. his father also ran a farm out of the conventional source where it would have been unthinkable for council and pains to wander right up to the doorstep had always been very keen on. nature and so wanting to do things better my dad particularly thought it very frustrating he had a sort of almost a victorian hangover of tardiness. and we clashed a bit on that. last summer lightens pigs are slaughtered but at the same time they also help conserve nature by lending gratian biodiversity to the forest a fern species had run rampant for centuries and the pigs in it to keep it in chink . in order to. you know stimulate the soil to the seabed the floor seabed underneath. we need to disrupt brucker. you as soon as they've completed their task the peaks have to leech the forest again if you just
4:45 pm
have pigs you'll only have this and that so there's also a different god so you know one has to control so rewarding is is a great term but in that sense it's. going to try to get the balance right between different species to try to get the perfect sort of habitats to get the most biodiverse environment. a. little sun and they can and those who share his convictions try to win over their neighbors most nearby farm and ask him to. resist change at restaurants. and.
4:47 pm
in montenegro journalists investigating corruption and organized crime often puts their lives at risk the balkan republic wants to join the e.u. but rights groups criticize frequent violations of reporters rights montenegro's press freedom has deteriorated in the previous years journalists to fix soft it's from the town of bennett sued the authorities for failing to protect him from being
4:48 pm
brutally attacked because of a story he had uncovered. i know this is the day in bologna in northeastern montenegro as always generous to a few softy each party in front of his house it was dark he didn't see too many lying in wait for him. but to be on there below they repeatedly hit me in the head hard. i tried to protect my head fell to my knees they broke my hand. i have many head wounds. i was bleeding. could i have no idea how long it lasted how many minutes. you know so i can't say anymore and i be laid back until his daughter found him he was taken to hospital fusions those who beat him up to sow seeds of a new tourism drug lord he had written about there are many indications of that but
4:49 pm
public prosecutors dropped the case years later soft which thinks that the drug lords politicians and the judiciary too intertwined. i'm totally convinced that there was no political will to resolve the case when this happened it does of all their fault. it wasn't the 1st time that such a being attacked in 20 show team there was an explosion in his car. such as here you say the fact that the pope would still have to be found is intentional. or very smart but i told the lady of the. organism i think that this is a message from certain groups to journalists the media. is to restrict press freedom. it's not a one off either intimidation of journalists and violence against them quite common
4:50 pm
in montenegro the country is ranked $105.00 in the room. to press freedom index behind closed and bake. the e.u. and others repeatedly criticize the links between politics in england's crime and the lack of an independent judiciary in montenegro. that's interests and that's very problematic some of these attacks here been already. investigated in clear out some of them not be further efforts to be invested in these gun restrictions. back when it came to journalist yuval much a new feature the judiciary was seemingly very efficient he was arrested in 2015 month researching drug trafficking and weapon smuggling. he shows us a video that should provide evidence of his research arms traders had hidden machine guns pistols and hand grenades here over of years ago they took them to
4:51 pm
their disease spittles through this cargo was bound for france some of the stuff found it up with terrorists. and it was confirmed officially that . the weapons from the former yugoslavia were used in sun terrorist attacks. the court would not admit this evidence that i was on assignments. the court just said you know or was relevant motion of each spent almost a year and a half in custody he was only released from international protests a court found him guilty of having a range to a drug deal but he says that this was merely a means of silencing him. the court refutes the allegations. are they all. he was found guilty of establishing the contact between the seller
4:52 pm
and buyer in a deal involving 20 chinos of marijuana. that one there or her. lover did this is a crime that he was found guilty of bloody obvious that it's not the allies lossing created and he has nothing to do and his profession. martin no bitch was found guilty on 2 counts of aiding and abetting but he has decided to appeal the ruling i think politics is behind my incarceration and my conviction barbara has to cooperate by the secret service and police part the. on many times at least the almost only potent d.p.'s party was recently voted out after almost 30 years in power. but softish doubts the situation will change significantly with the new government. or the smallest daughter was. the old government has left behind
4:53 pm
a difficult legacy of unsolved cases of attacks on journalists this is a major problem for press freedom and for the future. the new government has said that it will respect press freedom. the city of segovia is a popular tourist destination located north of the spanish capital madrid and aqueducts and built by the romans as one of the city's monuments and a unesco world heritage site now legend has it that one residents made a pact with the devil centuries ago after years and years the devil has returned to segovia and just like a regular tourist he couldn't resist the temptation of taking a selfie in front of the city's most famous monuments. little grinning bronze devil sits perched on a wall high above the city narcissistically taking selfies in front of the world
4:54 pm
famous aqueducts of cigar which according to legend was built by the devil the statues created by schools are until you have been almost 2 years ago. but that doesn't mean i just would talk to 2000 years old different while mobile phones are only a few years old. timeless being an imaginary devil coming to some of you proud of his work and nowadays of course he has a mobile phone with him and if they like everyone else it was worth looking at the look. and fact the statue refers to a legend in order to use a young girl's heavy burden when fetching water the devil offered her to build a water line in just one night but it's came at a price. by sunrise however the aqueduct wasn't finished the diabolical deal was for yet unseen rage to devil fled the city the roman aqueduct. is a unesco world heritage site and
4:55 pm
a popular photo motif but the devils return is controversial. catholic associations are angry about the statue. persisting a building a statue depicting evil of all things which the devil represents is an insult so yeah of course in this case itself it's the work. which is why we have to defend ourselves but we must protest against this because we have to choose not to remain silent. as collective fantasies of signatures and launched appeals into courts but so far in vain to term and to continue their fight against the devil of the city to start you still looks on from above she knew me by a long view tension. and that's all we have time for today we have war stories from across europe on our home page d.w. dot com please don't forget to join us next week for another edition of full on europe thanks for watching take care and going back.
4:57 pm
i'm not often catholic and i guess sometimes i am but i said nothing which could. have been fixed even for german culture looking at the stereotype clad in his sink estates in the country by not playing. the piano needed to take his grandmother day out. that's all that. i might show join me to meet the german sunday w. . post. carefully
4:58 pm
4:59 pm
being born just. your along. with. you want to look at the school trick you want to be put on the love to do. when you're sick the doctor. when you fall in love. they won't. you don't have children for fear they'll be invisible to you assure course you have no human rights. when you die there's no proof of ever exist. in every 10 minutes. 10000000 people in the world the stakes they have no nationality and told they don't belong and. that everyone has the right. everyone has their rights.
5:00 pm
you know. this is it every news line from berlin a turn for the worse germany sets a new record for daily coronavirus cases the head of germany's disease control agency raises the alarm as covert continues to rage around the country and the death toll mounts also coming up a high stakes summit e.u. leaders meet in brussels to try and seal a tentative deal with hungary and poland to approve the budget and release billions of euros in coronavirus really funding plus see what goes up must come down the spacex prototype starship made it known miles into the air but the landing did go its own.
5:01 pm
town while arctic you so much for your company everyone we begin this broadcast with a grim new milestone for germany deaths from the corona virus have passed the 20000 mark weeks of a partial lockdown have not done enough to limit infection numbers shows on america has already made a passionate plea for people to limit their social contact and now germany's top scientists warn the country will have to introduce tougher restrictions if people choose to not reduce social contacts. german scientists are once again sounding the alarm despite the partial lockdown coronavirus cases are rising again and deaths are soaring to record highs but if it's also in country the infection activity we are currently seeing can quickly rise back into the
5:02 pm
exponential phase again a few extra cases could be enough to spark that. and ladies and gentlemen this we must avoid it for the virus has spread widely across the population. all germans are being told to drop their christmas travel plans for now shops are still open and some stand selling mulled wine have sprung up across many cities. to lower poll diena germany's academic advisory panel to the government says this has to stop it has called for schools to go on their winter break early and for all non-essential shops to close now a full nationwide lockdown is looming in parliament on tuesday chancellor merkel made a passionate plea for all states to take immediate action. so how does his staff how does this leave i know how much love gets poured into those christmas fans and i'm sorry from the bottom of my heart but if we have to pay the price of 590 people
5:03 pm
dying every day that's just not acceptable in my eyes and we must take x. and accept that it's made of this desert and this is. the question seems to be whether germany's 16 states will impose more restrictions before all right after christmas by the way people are prepared for a different holiday season this year. well i've decided not to visit my grandparents i know i think it's better to make an effort to keep them safe. that's not about how it feels it feels terrible for everyone but we have to get this under control somehow. daughter will only come for a short period of time we have to accept that i hope this will not be my last christmas with my enough. i think i'd go back 3 but i would not see them maybe.
5:04 pm
or maybe just. be distant in the same room that's really hard you know or being really close some german states have already introduced their own tougher restrictions it remains unclear where the miracle will try to get all 16 states to commit to more nationwide measures before christmas but whether each state will continue to go its own way. let's find out more about this with simon young who is covering the story for you simon is surely losing the fight against coke in 1000 particularly when it comes to the elderly the most vulnerable group. well i know the numbers have got a lot more worrying in recent days and that's really what i think the robot call institute the big public health institute has been saying today that the overall picture is very worrying that warning of a possible exponential growth in infections as you've said and a record number of infections over the last 24 hours and what we're seeing also is
5:05 pm
a picture where no longer the infections are concentrated into just a few hotspot locations which obviously is easier to deal with pretty much the corona virus is now spread across germany and so it means it's time for drastic action another thing that experts are pointing out is that there are twice as many infections now in care homes in people's homes than there were in the spring and of course those people. are more likely to suffer serious effects and death than now deaths in germany from carbon 19 or above 20000 so very worrying sign indeed now the merits of easing lock down over christmas are currently being hotly debated i think are definitely off the table considering the rising number of infections. well the hopes of easing easing restrictions over christmas are still there but
5:06 pm
again as the president of the year of a cock institute loads of dealers said you know the aim is to get contacts down. and they haven't reduced by 60 percent which is his target he said if that can happen through voluntary changes made by the population then a tough lock down will have to happen they looked at the united states experience over the thanksgiving weekend which seems to have led to a significant spike in infections germany wants to avoid a repeat of anything like that over christmas and so that's why at least those experts are saying we can't afford to loose in the measures during the christmas period sam and young are reporting thank you. i want to tell you now about some of the other stories making news headlines around the world the european central bank has added an extra 500000000000 euros to its pandemic recovery find the bond buying
5:07 pm
program now has 1.85 trillion euros at its disposal all the aim is to boost confidence in the euro zone economy the program allows for the extended purchase of government and corporate bonds until march 2022. a female television news anchor has been shot dead in eastern afghanistan a my want was killed along with her driver as she travelled to work in jalalabad she was also an activist who spoke out on women and children's rights it's the latest in a series of attacks targeting journalists activists and politicians. the head of the world food program has received the nobel peace prize on behalf of the un agency he described the award as a call to action with 270000000 people worldwide at risk of starvation he said failure to address their needs could cause a hunger pandemic that would drawer the impact of covert 900.
5:08 pm
european leaders have gathered in brussels in an attempt to salvage the e.u. is 1.8 trillion euro budget all this includes hundreds of billions in coronavirus relief funds which the bloc cannot deploy until member states reach consensus with a 2 day summit started on an optimistic note poland and hungary which had blocked the budget looked willing to make a deal the 2 countries objected to a provision that would prevent them from accessing funding unless they respect the rule of law germany appears to have come to an agreement with them over how to proceed will still need to be approved by the rest of the member states. families find out how that is going now our correspondent to garrick my to say is standing by in brussels georg go what is the hold up what is still standing in the way of the 7th year budget being approved. well a key to the right here is how closely the rule of law mechanism can be connected
5:09 pm
to that era budget and also to the recovery from this massive recovery fund that everybody's waiting for and that is where hungary and poland have put in their veto and obviously all other member states would like to see that gone so that the money can actually get to the people who need it now what the german compromise proposal has done is it may have results that raul there's concern that the rule of law mechanism can be misused that is what poland hungary are concerned about politically misused to punish them and let's bear in mind those are the 2 countries that get most money in terms of subsidies from the e.u. and the mechanism for sees that the european court of justice now basically provides a legal declaration that the mechanism as it stands is working and also have no opportunity to file a lawsuit so that could delay things but basically and that is why leaders have mainly been upbeat the mechanism nisan itself sooner or later so maybe in only 2 years time the not right now will be up and running and will penalize those and
5:10 pm
will prevent those who violate the rule of law in the e.u. from getting funding i gave please stand by we're going to continue our conversation in just a 2nd because the budget obviously is not the only deal that needs to be sealed in brussels the terms of the post brags that relationship also needs finalizing the european commission has stepped up its plans for the possibility of a no deal publishing a contingency plan all this after britain's boris johnson an e.u. commission president or as of underlying fail to reach an agreement among other things the news continues he planning aims to ensure air and row travel between the e.u. and u.k. as well as fishing access. and we still are standing by he's in brussels garret why are the 2 sides still at odds. they have every i should point out at this point that the leaders have made clear that the
5:11 pm
negotiations remain with michel barnier the chief rex of negotiator so they only have a chat over breakfast it. over dinner tonight and the reason for that is that basically the lines that the e.u. has set out for those negotiations have been clear and have remained more or less the same throughout the past couple of months the 2 key sticking points are fish because the e.u. vessels fish a lot in british waters whereas the u.k. sells a lot of fish to the e.u. so there needs to be a compromise needs to be reached on that in the field and then the so-called technical term of the level playing field is a key thing because the u.k. will leave the single market so they will no longer. play by the rules of the you respect the standards of products and so if they want to sell. and deviate for instance with their standards and sell those less qualified products to the market the you want some sort of a mechanism to control that so that the u.k.
5:12 pm
is not dumping a cheap product on that you market can't match us reporting from brussels thank you . and staying in and going rather to the u.s. now where regulators and top prosecutors and 46 states have filed an anti-trust lawsuit against facebook alleging the company used its dominant position to crush or buy smaller competitors well the suit would force the company to divest its major acquisitions instagram and whatsapp legal action follows a similar suit against google and comes amid growing bipartisan calls in the u.s. for more oversight of big tech firms. facebook's growing dominance has long been a phone in the side of the u.s. government. now citing breaches of antitrust law washington wants the company to be forced to sell off instagram and whatsapp by using its vast troves of data and money facebook has squashed or hindered what the company perceived as potential
5:13 pm
threats they reduce choices for consumers they stifled innovation and they degraded privacy protections for millions of americans facebook acquired photo sharing platform instagram in 2012 unpurchased messaging service whatsapp in 2014 both are now technically so closely linked to facebook that divesting would pose some serious challenges. a space x. tests test launch on wednesday completed the highest and most elaborate flight yet for its prototype starship rocket the spacecraft nearly reached its goal altitude of 12 kilometers but engineers still have a few kinks to work out before their planned mission to mars and back. every. picture perfect starred for starship number 8 the rocket is the most ambitious
5:14 pm
space x. test yet in the company's audacious quest to make human travel to mars possible. and climb for several kilometers before leveling off its slick stainless steel hull glinting in the sun. after 4 minutes and 45 seconds of flight the starship switched off its engines and began its descent. but just as a flawless journey seemed within reach the ship was engulfed in a ball of flames. despite this dramatic finale the test is considered a success by space x. the company believes that the data collected will help to develop a space ship capable of reaching deep into the universe space x. founder even musk was enthusiastic tweeting mars here we come. there will be more test soon here in the texan desert construction of starship number 9 is almost
5:15 pm
complete. there watching to news just stay with us so next stop is business with rob watts i'll have more headlines for you at the top biala a la rock thanks so much for keeping us coming. where i come from we have to fight for a free press i was born and raised in a military dictatorship with just one t.v. shadow and a few his papers one official information as a journalist i have worked all this free for many characters and their lives are the same 14 social inequality a lack of the freedom of the prez. when it comes to the fans and the humans and see the rightful fools who have decided to put their trust in us.
5:16 pm
it's one of the biggest. being is now listed on the nasdaq with a valuation well beyond previous estimates correspondent. also coming up. gifted. just signed a deal with bryant but how easy is it for africans to break into the international entertainment industry. that the european central bank is setting aside a half a trillion euros for potential bond buying as it seeks to steer the eurozone through the coronavirus crisis. welcome to the program
5:17 pm
every m.b. is making its stock markets debut. on the nasdaq. its initial share price could see the company raise almost $4000000000.00. in. replacing the customary bell ringing ceremony when it goes public. after a difficult year for the company with travel restrictions hitting its business it was a relief for c.e.o. brian chesky to finally float the business on the nasdaq stock exchange to investors thank you for believing in us even when it wasn't always the obvious thing to do. you know air b.n. b. is rooted in the fundamental idea that people are good and we're in this together in the end we are not just a company but a community and so now it makes sense that we take every republic so we can share
5:18 pm
air b.n. b. with more of the world the pandemic made getting to this point painful demand collapsed due to travel restrictions prompting the u.s. company to lay off a quarter of its staff revenue shrank in the 3rd quarter to 1300000000 dollars 18 percent less than the year before but air b.n. b. slashed costs pushing up net profit in the 3rd quarter to 2 119000000 dollars the only time that abyan b. has ever turned a profit. huge company was helped by the easing of travel restrictions during the summer as customers turn to apartments over hotels for holidays and business travel the company was founded in 2008 and is one of the most popular travel companies worldwide with around 7000000 listings in 220 countries still abyan be is not welcome everywhere there's an increasing number of protests like here in spain residents say holiday lettings push up their rent they claim they're being pushed
5:19 pm
out of their neighborhoods by abbey and b. the company may now be public but plenty of challenges still lie ahead. on this let's cross to our financial correspondent in new york quarter or just saying it's not always been plain sailing but this is a big day for i.b.m. . it definitely is air b.n. b. will reach a market valuation of almost $50000000000.00 was this i.p.o. they were worth about $18000000000.00 in spring so definitely a big day for every m.v. by the way was this failure asian there worth more than a big kotel chai in the hilton and to hire a combined so for the year so far. has a loss of about $700000000.00 but as you mentioned in the past water at least they were profitable but it is a company overall that is still losing money this is the latest in
5:20 pm
a string of high value in the u.s. this year what's making investors so enthusiastic. well 1st of all there's quite some incentive for the companies themselves to go public look at air b.n. b. for instance in april and may they lost about 80 percent of their business so going public is a good way to raise money and while investors wish the stock market overall on fire has been very eager to buy and everything possible and then you have also those companies like air b.n. b. who are tricked younger investors and we've seen that that specially retail investors have been on the rise with online brokers like robin hood for instance who offer trading for free so that also is luring a new investors into the stock market. joining us from a rather noisy new york thanks for joining us.
5:21 pm
now the likes of disney pixar and dream works on the undeniable heavyweights of animation but now an african player has entered the ring ghana based on a max f y b has just secured one of its productions a slot on hammers and prime. 'd me to my friend an online educational and entertainment platform created and produced in ghana the name means to children in a cone one of ghana's widely spoken languages and as it suggests the channel is aimed at kids aged $2.00 to $14.00 and france is the issue of brown set up an emacs f y p in across 6 years ago represents his breakthrough in just 3 months my friend could rake in $1000000.00 u.s. dollars something the studio head is rightly proud of that amazon prime do.
5:22 pm
maybe have. not just me about iraq or africa because the 3 have an independent content being produced and of a distributor on to set a platform. and emacs has 10 employees the company has grown without state support or funding from private investors. for its content sees the world from an african perspective. 2 year old's dad ivory is a fan site is how much. i think you know when we were losing our culture and no identity because most of the things that kids know what's most from this continent on this continent so they are picking cues from other countries which might not necessarily be relevant to the community in society which we live in so definitely this is
5:23 pm
a need that we have to all supports in one way or the other. france is yeshua brown certainly hopes that his animation studio will one day close ranks with the leading u.s. studios. and there's my hand when i speak to our correspondent saying ghana isaac led see welcome to you doing business good to have you on all week seeing african entrepreneurs making progress in the entertainment sector is this just a rare example. what many of them are making progress yet train to bridge through and the idea a lot of good things in the background the only challenge has been that breakthrough and so for example there's still that i mean marks why the studio has been able to strike it's quite significant it's rate sample of the potential of this sector in africa. while this company's had to do is you know reach out to
5:24 pm
amazon prime you know a and international organization to find a platform for its productions what's stopping africa from having its own amazon prime. so the challenge is that africa doesn't have a lot of platforms huge ones that cooled told these creatives to realise the potential of the house and if if you look at some of the parts from around the low come media all channels dark wood used to do some of these. and the consumption level is high it's minimal in africa and so. a lot of revenue and so it becomes imperative that we need to reach out outside the continent to be with too much the mice and the potential of the industry that is really the challenge and it will take some time for that to change. so how do you bring about that change are governments doing enough to encourage young people to find jobs in creative industries.
5:25 pm
today as it does that the challenge really in africa where governments have no really done much to stop what they created that sector and if that is done and got many best in the a.v.o. but to create a lot of jobs for young people wow what that would say shall and that telling us to start see in a sector. is this seen as a good potential space for creating jobs on the continent. yes it is a very huge area that jobs can be created for young people many young people are now take sofie they want to do a lot of things or that they need is that platform the infrastructure piece to be to support them and beyond that is done by african governments we see a lot of jobs being created in a creative sector. across for us thanks for joining us. and. thank you now the european central bank has made an extra $500000000000.00 euros
5:26 pm
available for its pandemic recovery bond buying fund bringing the total to $1.00 trillion the program enables the e.c.v. to purchase government and corporate bonds and will continue until march 2022 the bank will also keep its key interest rates at historic near 0 knows its president christine legarde says it's a necessary step to steer the eurozone through the coronavirus crisis preserving favorable financing conditions over the phone to me period will help. to reduce uncertainty and bulls to confidence thereby encouraging consumer spending and business investment and ultimately underpinning the economic recovery and helping to offset the downward impact of the pandemic on the project part of inflation now for a look at some of the other business stories making the news german travel operator 2 a years battling record losses due to the pandemic this financial year it lost more
5:27 pm
than 3000000000 euros pushing it to the brink of insolvency it's set to receive 1000000000 euros in government aid from the german government on top of the 3000000000 that it's already been given. the u.k. has signed a free trade deal with singapore largely mirrors the agreement the city state has with the e.u. it means british singaporean businesses can continue cooperating on the same terms after the brits transition and this. and that comes as the u.k.'s economic recovery almost ground to a halt in october as lock down measures dealt a blow to the hospitality sector g.d.p. rose by just not point 4 percent it's the weakest growth since out for collapsed in april during the 1st doctor. and finally is going to be a strange holiday season this year for many with the pandemic closing businesses
5:28 pm
and frustrating travel plans and gets togethers but at least the gifts remain untouched right. maybe not check out this store in madrid toy companies they're getting into the spirit of a viral holiday season several dolls incorporate the pandemic theme this year complete with face masks and for the budding scientists as even an antiviral hit. the. from in the business team here.
5:29 pm
5:30 pm
don't miss our highlights. program. dark calm hard words. you're watching news asia coming up today made in china vaccines have shipped to indonesia and soon to many other countries we take a look at how they stack up against the other vaccines developed in the west. plus we'll follow a young man who uses his own meager income to feed the even less fortunate in jakarta. and off the job and onto the pitch we'll catch up with these domestic workers in hong kong making their mark in the cricket world.
50 Views
Uploaded by TV Archive on