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tv   Business - News  Deutsche Welle  December 15, 2020 7:15am-7:31am CET

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get a reminder now of our top story here on the u.s. electoral college is formally confirm joe biden as winner of last month's election in a televised address president elect biden told americans it was time to turn the page on the truck era and that democracy that prevails. coming up next new business the european union rolls out its look print for digital services what will that mean for tech giants monica jones has that coming up. in the far north. it's lonely. and breathtakingly beautiful.
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arctic to. take a journey around the north pole profiteers and talk with people experiencing a changing environment will be ice disappears earlier and it keeps retreating our future depends on what happens here. in northern alliance with the arctic circle starts december 21st d.w. . phenomenon or threats to the global economy china continues its astonishing recovery from the coronavirus and dam expand outpacing other major economies we talk to our china expert clifford coolant also coming up the e.u. says it's time to limit the power of taking giants the european commission is about
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to unveil new rules for the digital sphere. and with coronavirus cases in germany spiraling out of control and a tougher lockdown looming christmas shoppers are clogging the high streets for last minute gifts. come to do business and want to get johnson good to have you with us and we're starting with news from china which really seems to have left the pandemic behind it a country's national bureau of statistics reports industrial production grew 7 percent year on year in november that's the fastest pace in 20 months the improvement in industrial production was underpinned by strong exports as many of china's biggest trading partners returned to virus restrictions that feel to demand for medical equipment and work from home devices such as laptops mobile phones and cameras domestic demand is also robust retail sales and remember rose 5 percent on
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the. all right let's talk a little bit about astonishing china is there china expert cliff it can and joins me in the studio cliff it always seeing that china is actually benefiting from the woes the pandemic woes of other nations well it is i mean it's basically doing very well because of you know home office because of the fact that other economies just haven't really got going again yeah so it is in a sense benefiting from what's happening in the rest of the world you know it's. it's not just that other economies haven't got to that point yet they're actually you know struggling even more so now and it seems to me that there's some resentment certainly growing now against china as a virus comes from there they coped with it better than the rest of the world actually growing in. is there was strategy behind that or is china simply just better at it well this is the big question i mean i think to see
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a strategy behind its reactions of the pandemic is maybe stretching it a little bit but certainly they've been very efficient in china and in other asian economies and also to say that other countries have been pretty successful in containing it i mean taiwan you know has 7 deaths you know and obviously it's more smaller but it's still you know you can see that there has been there you know other colonies a been on a lot of asian economies have been very good at dealing with this whereas the bigger economy especially the united states is really really struggled as we know but it seems to have it's been very it was very quick to act after the initial. incidents of where you know they weren't as quick about reporting it as possible you know since then it's been very quick to act so stephanie benefiting from that right. the fact that they could act quickly certainly also has to do with the system in china let's look at that bit closer certainly to in the way it deals with other nations the in terms of trade its relationship with australia is probably
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quite interesting to look at australian prime minister scott morrison said a threatened chinese import ban on australian coal would go against w.t. old little snow morrison was of course responding to a report in the chinese state run a global times newspaper saying regulators were preparing for a ban coal is one of australia's most lucrative exports the australian trade minister has said vessels offloading australian coal in china have recently been delayed china has erected new trade barriers on australian goods in recent weeks as lateral relations deteriorate. and with that it's back to clip it could on a china x. but not jenna this is somewhat amazing i mean what exactly do you make of this well brewing trade route between china and australia well i think there's a lot of we spoke about resentment against china and i think part of it is being fueled by this approach to australia australia's a much smaller economy obviously within the region quite a bit but it's very resource rich and we've just seen coal is the latest after bar
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the wind and other. other natural resources but not iron ore which china really needs so it's using this sort of leverage to to really put pressure on the australia and of course it's ironic that this comes just weeks after we've signed one of the bigger crazy lives also australia technically has a free trade deal an existing free trade partnership 5 years old now with with that with china so it's a question of holding about what was what is a free trade deal mean with china as you mention i mean exactly i mean just a few weeks ago the world's biggest trade free trade agreement with the biggest free trade zone was signed to a c p t p p both china and australia members of this what i mean how does this bode now for the other members if they see this happening well this is it i mean china is just is really putting pressure on australia as we've seen and i think for other members looking at this they must be wondering what is the point you know but
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china has this incredible leverage doctors days or we had today who are you know where we started you know the industrial production is growing retail sales in china are growing it's the only major economy that's really growing. and credible amount of leverage so ultimately i think the idea of a free trade agreement is becoming increasingly redundant it's all about leverage well you just mentioned the word date as i just have to bring this in because media outlet has reported something about lead to database of chinese communist party members showing that they've managed to infiltrate high profile companies universities agencies abroad let's be. and that's well if you look at the if you look at the leverage on a macro level that you see of australia if you look at on a micro level you can see that the congress party has has its influence within companies operating foreign companies operating in german in china and we see the german companies like folks who are going have got companies party cells and i was looking through the days of the of the today and you know volkswagen page unit
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other factor in shanghai has got a congress party sell every it's in all areas of activity there so the question of how you know how much activity how much influence it brings to bear that's the question isn't it that's the question their political and is always so good to have in the studio thank you so much. well the european commission is gearing up to present its long trail to digital services act and it's a company in digital markets act that will happen later today to the laid out strict conditions for internet giants to do business in the blocks 27 countries. the european commission used in advance callender should announce its updated digital groups a long awaited chocolate treat for many people some say this new legislation could change the internet as we know it and limits at least in some parts the enormous
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power of tech giants that influence so much of our daily lives we search with google online we buy christmas presents on amazon and we share our latest holiday snaps with our friends on facebook or instagram or whatsapp that both belong to social media shy and facebook a few tech giants dominate the internet and dictate its rules which are best talker commission vice president responsible for digital takes a dim view of this it is very important that we do not let a few literally a handful of privately owned companies define the rules of the game for the marketplaces that they have created if them so in an unfair manner with size comes responsibility status so for example that google's online shopping search engine is still disadvantaged in rivals despite a regulatory crackdown 3 years ago our let's take
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a look at you tube by google companies like here to collect data from users this information then feeds all go over them so that decides which ads and which content we see online it is not transparent how it works the legal framework for the internet is 20 years old when the world wide web was completely different it is time for an update but it could take years to be implemented as different e.u. institutions have to agree on a common law and. wendy w.'s just delaney joins me now in frankfurt chelsea will these rules indeed revolutionize the way big tech operators operates and work in europe. well that's certainly the hope and it is a major overhaul of that use current tools for for cracking down on the attack perhaps those eye catching part of these new rules would be their ability to levy
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a sign of about 10 percent on a company that they deem a gatekeeper so a company like amazon apple google who is really dominant in a market if they find that they're going against these rules that could mean fines of tens of billions of dollars for some of these companies but i would say it's not just spines that they're after here they really want to preempt some of this behavior that has led to this really imbalanced tech scene so they want for example to to prevent a company like amazon from. advertising for its own products on its web site they want to really overhaul the way that these companies collect and distribute data as well but it's not the 1st time the e.u. has a good regulator take. in the post. it has and the e.u. has really tried but these conventional tools for regulating these companies haven't really worked they have handed down billions of fines but many of these big
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tech giants have you know hundreds of billions of euros excuse me dollar's worth of cash so a fine hasn't really done much to deter the behavior so what they want to do now is not just penalize some of these companies for previous behavior they really want to get ahead of that behavior all right. thank you so much. one shopping day left until christmas that if you're in germany the government's imposing a new lockdown starting tomorrow forcing nonessential retailers to close again now this has led to chaotic scenes was rushed to by their presence. so much for social distancing germans found out on the weekend that the christmas shopping period would be cut by just over a week shoppers in hamburg say they were taken by surprise and i think it's a bit ridiculous to have a lockdown with just 2 days warning i'm going to get out of
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a should i made the shutdown start today right away however i'm glad the shops are open because i also need to do some shopping. it's not just shoppers coming to terms with the news germany's retail sector makes as much as 100000000000 euros in the run up to christmas sandra tiranny owns a shop in hamburg trendy shops and federal district she says there's little to be done but i prefer to try to be a little more present online to do some advertising here and there to make up for at least part of what i lost but that's the big question mark about the things that . target. there was hope that christmas could be a time of rest bite it now seems any break from the pandemic is still a long way off. and that's your business update here on t w i mean that in the end thanks for watching.
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fighting against. and against a denier of the genocide instrument. that's haasan hassan of riches mission she was 19 during the mass murders in srebrenica survived today she's working to raise awareness about the genocide and commemorating the victims 25 years after the
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massacre in close on the. pacific but i don't need to keep a day available both for over a match and on the 4th time for the whole of the most recent at. the bottom of the valley that the last dragons as were called the harm. to the river on. 25 years after the genocide in srebrenica a son whose son of rich is taking on the genocide denial he works in the memorial center which commemorates the mass murder in the serbian part of bosnia although he survived his father and his twin brother were both killed their remains only
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discovered years later somebody called my mother.

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