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tv   Business - News  Deutsche Welle  April 27, 2022 5:15am-5:30am CEST

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from berlin up next on business, christy plots, and looks at how the war new crane is making it harder for south americans to make ends meet. and don't forget, you can stay up to date on all the latest news on our website, d, w dot com. and of course you can follows on social media on top of what it is for me and the team here in berlin. take care and i'll see at the top. the next is just a thought, say we'll credit you for that . we're interested in the global economy. our portfolio
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d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. east this is way ahead with the w business beyond we're ah, it's the $44000000000.00 question. elan mosque wants to take over twitter and turn it into what he calls a haven for free speech. what does this mean for the platform and will it work? we will get an expert view. also on the show carnival is back in brazil, that high consumer prices are killing the party spirit. and the war and ukraine could make matters worse. i'm christy plats than welcome to the program. twitter is
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one of the world's leading social networks. over 2000000 daily active users are writing more than half a 1000000 tweets every minute. but the company has struggled to turn a profit. now over the last decade, it has posted more net losses than profits, and that includes in 20202021. last year twitter reported a loss of $22221000000.00. now despite the struggle, it has a market valuation of $33000000000.00. now, eli musk wants to buy the company for $44000000000.00. this has many asking if the eccentric billionaire sees an opportunity, others have missed. what exactly is he up to? ah, after revolutionizing the automotive industry, tesla boss, ellen must now wants to do the same with twitter. the hijacked pioneers paying $44000000000.00 for the social media company. after as hostile takeover efforts
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ended in success, musk tweeted, i hope that even my worst critics remain on twitter because that is what free speech means. it starts off with freedom of speech. i think that's really been me, the starter for going after twitter. but ultimately it's really trying to shake up social media and he, he feels like it's a fragment platform. he could significantly improve it. but there's growth challenges ahead. twitter has been underperforming platform for the last decade. and this is definitely ma, spend 20 percent of a net worth on twitter indefinitely. risky mood while some americans are looking forward to less censorship, others fear the acquisition will give must too much influence. i just don't think it would be good of, you know, like control and just because he's a lot of mine does get more power. i think he'll turn it for the better. how so? aw, giving people more freedom of speech. maybe bringing my man trump back to twitter.
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i think that will be nice. i like to hear what he has to say. twitter suspended donald trump's account after his supporters stormed the capital in washington last january. since then, trump has turned to other social media channels. trump just said 10 minutes ago, he doesn't want to go back to twitter. that means he wants to go back to 330. you know that? 80000000 follower waiting for him. must this you want trump? it's hot to say, but if musk is ready for the freedom of speech, he cannot just not let the trim back. that's what her human mosque has yet to comment on trumps feet on twitter. and he hasn't unveiled any concrete plans for the social media network either. but after most pays for twitter, he says he'll take the company off the stock exchange and privatize it. well for more now we go to alison stuart allen. she is a international marketing expert and the ceo of international marketing partners in
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london. allison mosque is obviously a big personality. what does him taking over bien for twitters brand? well, it means quite a lot. i mean, it's very clear that ellen musk has been angling for a platform where he feels he can express his views unedited and has been doing so anyway, for quite some time. now he actually owns the company, and this is quite an interesting development because despite having raised or delivered $44000000000.00 roughly to acquire this business. and his ambition is to turn this platform into the town square and prefers that it is a place of total free speech that is minimally moderated. and so for his brand, this is an outlet for his points of view. both personal and professional, right,
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well, mosque has called himself a free speech absolute us, but this deal came through just days after regulation for social media was approved in the you. where does this leave twitter now? well, this leaves twitter with a dilemma really, which is that if they don't follow the rules and the law now here in the u ha if they are repeat offenders, so to speak in unmoderated speech, including hate speech and lots of other offenses than twitter will be fined and on the back of se, fines, they will actually be halted from operating in europe, which is a significant setback for this company. and this brand and of course, for ellen musk himself who will lose millions of eyeballs. and the name of this game is about capturing the eyeballs. allison stewart allen. thank you so much
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that keith? well, it's a busy week of reporting for it. tech stocks. first out of the gate was google parent alphabet, which fell short of wall street estimates for it's quarterly sales. that's it's 1st missed since before the pandemic. as fears have a global economic slowdown hit add revenues. alphabet show shares fell in after hours trading, but it was a different picture at microsoft where the software maker racked up an 18 percent revenue increase in the 1st quarter. the microsoft results exceeded analyst expectations. it's cloud business performed particularly well. well for a closer look, we go now to our financial correspondent, yann's quarter in new york. now yann's tech companies had a blockbuster year in 2021, thanks to a greater demand for software, for digital advertising space. due to the pandemic pushing people online. what do these latest results tell us now?
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well, overall, it does tell us that what happened in the past couple of years is not that easy to repeat. so how much can those huge tech companies grow? look at an alphabet, for example. they did have an impressive revenue growth of that 23 percent and they had to quarterly revenue of $68000000000.00. that is impressive, but investors will use to even higher growth rates, but that is tough to achieve. and also if you look at microsoft, for example, pretty impressive, what happens to the cloud business, but also there, it looks like growth might be limited in the future, and that's why investors are not overwhelmed by those recent numbers. well now the fed has also signaled it could or will likely raise interest rates to combat inflation. talked us about what this means for text box. well, i mean overalls. what we've seen in the past, especially when we come into an areas when we are all right,
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ready or all of when we're getting into a different a modes offer of interest rates, meaning we're on the rise, that usually at least in the short term, a meant a trouble of for a technology companies, we also shouldn't forget was interest rates on the increase in all of a sudden money is worth something and investors get alternatives where to put money, but in a stock. so treasuries, for example, bonds in general become a bit more attractive and that could mean that at least for now, money get caught, could get pulled out of those of high flying a tech stock said if you look what happened, some already the domestic composited. so the composite, so the tick heavy, an index, so just for the month of april is down by a good, a 12 percent. we're talking the weakest month, so far as since october, 2008. so you already can tell and that investors are running towards the exit at
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this point. that was yann's courts, a new york. thank you so much now to some of the other global business stories making news. russia is suspending natural gas deliveries to poland after the country refused to pay for it. supplies in russian roubles. poland state gas company said it was notified by russian gas giant gas prom that deliveries would stop on wednesday. gas prom is also suspending deliveries to bulgaria, according to economy, ministry officials in sophia, germany hopes to find alternative sources within days to replace russian oil given during a visit to warsaw. german economy minister robert hobbins said that would allow his country to cope with a russian oil embargo. berlin has previously said it could wean itself off russian supplies by the end of this year. oh, and u. s. car maker ford has launched production of its all electric, lightening pickup truck. ford aims to make 150000 trucks annually. more than triple
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its original plans. around 200000 customers have already made reservations. or the lightning the international monetary fun says, and a new forecast that the war in ukraine and rising inflation are posing a threat to fragile growth in latin america. tighter financial conditions, economic pressure on key trading partners and social discontent could dim growth prospects even more. ah, rio de janeiro glittering carnival is back. the sequence studded festival kicked off last week. the 1st famed sabbath school parades since coven 19 hit brazil 2 long years ago. but the situation on the streets of brazil is less festive. inflation is causing widespread economic hardship. food prices are rising and life is becoming expensive for ordinary brazilians. still recovering from the corona virus pandemic. where people can only eat fish, sausage and chicken you,
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they can forget about red meat. why is jesse? it's also driving up gasoline prices. the i m f. believe's. latin america will grow 2.5 percent this year, but the war in ukraine has increased uncertainty over its outlook escalation could eventually lead to serious global financial distress. the multilateral lender expects brazil's economy to grow 0.8 percent, mexico's by 2 percent, columbia's by 5.8 percent, while chillies will expand by 1.5 percent. the i meth is forecasting 3 percent g d p growth for peru and 4 percent for argentina. a slide from the previous years, strong growth rates, latin america has fewer economic ties with russia and eastern europe. but countries like mexico are feeling the effects of g d p downgrades to major trading partners, such as the united states and china. the i m f said higher food and energy prices
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were forcing countries to take measures to soften the blow on the most vulnerable and contained the risks of social unrest. sandra jerome may be back, but it could be a long time before economies in latin america get truly into the party. spare us that's our show. i'm christy pods and in berlin. thank you for watching with ego africa. oh, industrial fishing. a danger to the rich marine life and what a thousands of dolphins have fallen victim too. it's a gathering precious day for you. better understand these animals answered back to protect them for next on d, w. after world war 2, the soviet union became
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a nuclear power. in part, to our documentary, the history of the red army. during the cold war, the soviet armed forces were among the most advanced in the world. but their weapons were used to oppress a new route of the troops only got worse in 45 minutes on dw, ah, every day counts for us and for our planet, with global ideas is on its way to bring you more conservation. how do we make cities, reader, how can we protect habitat,
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