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tv   Business - News  Deutsche Welle  January 25, 2023 10:15pm-10:31pm CET

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t's to start t's and that's not, there's nothing, there's no further detail on, on, on him personally. and there are sources saying to the, to the dpa press agency that he hasn't been known to the police in the past for any kind of extremist behavior. but again, that needs to be reported and, and investigated by the police. and we have to see what, what emerges there, there seems to be been no incident leading up to this attack the seems looking very, very sudden. and it's taken people by surprise. it's a very, very shocking incident indeed. watch and he w things up next is d w. business news with rob watch, i will see you tomorrow with
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a little guy. this is the 77 percent. the platform with share idea. you know, the channels. we are not afraid to copy. young people clearly have the solution, the future. you the 77 percent every weekend on d. w a is tesla getting back into gear. one seemingly unstoppable firm,
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has been struggling to boost deliveries. but new figures show it may have turned a corner, will ask if a law must say it's turning things around in germany, the tide is already turning. business leaders say that optimistic for the year ahead. so why is the outlook suddenly so rosie and feeling powerless? south africans take to the streets to protest against years of rolling blackouts. is this database business? i'm robot berlin, welcome to the program. good news for a long musk comic tesla. the company has beaten profit and says expectations in his 4th quarter results while announcing that deliveries had increased over 30 percent here on year. the figures shortly follow the companies announcement that it was investing over 3 and a half $1000000000.00 in adding to new factories to its complex in nevada. it also recently flashed the prices of his cars in the u. s. in europe never to boost
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deliveries. ca law must, has also made headlines this week after appearing in court to defend against claims . he misled teslas shareholders. let's discuss test a bit further without financial cost on the new york course. he ends good to have you on the program a bit, a bit of a tricky time for tesla just recently. but overall, how schaefer they in well, i mean overall they are in pretty good shape. as you mentioned, with the latest earning reports that they beat to amended us the expect ations even if the initial an after our reaction on walter does a bit hesitant. that margin have con, come under some pressure. but overall, yes. tesla to a certain degree has become an earthling, the stock has fallen a little bit of grace, even as a company still has the valuation. almost 10 times higher than general motors, for instance. but the competition is actually increasing even if
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a lot of estimates. so that for the years to come, tesla might remain the biggest seller of electric you go, but competition is definitely catching up and it, it slices slash even the price is by up to 20 percent. just recently there any signs without making a difference? well, i mean, it could have made a difference with margin so, so that's something we have to watch. i mean, with the price cut, especially here in the united states that actually might tell but to boost and sales. because if a test cars are cheaper, there might qualify for tax rebates, there with the inflation reduction in them of the biden administration. so it could be a boost to sales, but on the other side, it also could hurt margins at something. we definitely have to keep an eye on. i did mention how long has been in court this week defending against claims that his tweets deliberately tried to mislead shareholders at test. how much of
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a distraction about proving for the company? yeah, well i'm not sure if the court case in general is going to be such a big distraction. but the personality of ill on moscow certainly is. i mean, he was seen of as a star and definitely he knew how to to play himself in marketing terms. and that test lies. one point was worth about 1.2 trillion dollars was not just because test selling so much cars, but you had people just believing into the mask story and he definitely became more controversial and that didn't help the test. and also not the stock price that i mentioned, the $1.00 trillion dollars valuation that tests i had at one pine last year alone. the company last about $700000000000.00 in valuation. the stock is down by about 65 percent in 2020. and part of the reason definitely is all the controversial surrounding the numbers we're talking about for extraordinary on the course in new
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york. thank you very much. now german business leaders are beginning the year on an optimistic narrative would appear, according to the latest survey from the food. if even research institute seo is in the manufacturing sector here, are expecting to see an increase in output in the months to come. this is despite continued concerns over the war and ukraine and for the interest rate hikes. the figures follow other indicators of a more upbeat mood among german businesses and come a week after jim a chance. all our show said he was, quote, absolutely convinced that germany would not fall into recession this year. so need, how rosy are things really let's hear from the president of the institute claims 1st. we have been seeing better data coming in approximately since october. so the for index, for instance, has been increasing since october and we have been saying for some time that the risk of a recession is declining. politicians tend to be optimistic about this
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statement by chance. that's all it's just reflects the improve data. also the business climate next data from me for that has been coming in for some time, suggesting that the situation may be better. now what we will see next year is roughly stagnation in germany, so it's no positive growth. so no reason for excessive optimism, but the very negative scenarios we were discussing in the autumn the scenarios are now off the table. now let's take a look at some of the other global business stories that are making the news. all passenger flights in and out of berlin's international airport tapping can sorta start stage one day strike higher pay airport authority. they're advising the 35000 effected travelers to contact their airlines to re book their flights. unions calling for a $500.00 euro a month, pay increase and the justice department is suing google for its dominance of the
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online advertising market. accusing the tech died of using unlawful means to eliminate competition. move as part of a government push to rein in the power big tech, which is enjoy rapid growth over the past decade. now, another plunge in the value of lebanon's currency has been met with protests on the streets of bay route. lebanese households have been suffering through one of the harshest economic downturns in recent history. another drop in their spending power is more than many a willing to take. the anger outside lebanon's central bank is palpable demonstrators, bern, tires, hurl rocks, and call for financial reform. that's largely due to the fact that the lebanese pound has lost more than 90 percent of its value since 2019 or over 1st. this used to buy a kilo of meat for me and my kids. now it doesn't get me chewing gum. our kids are hungry, we're hungry. drop the dolo, we want to live, have mercy on us. no, no,
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i will protest that little is being done to mitigate the economic disaster. no jane, and i'm with him out to tell lebanon central bank chief, that they are mistaken policies of let us hear, and that someone should be held to account. they should work to return the strength of the lebanese pound to what it was and returned the country and its finances to what they should be better than that he had many midway. eliza mc, wow. one of those gathered here have a few proposals restructure banks. implement capital controls and reform bank secrecy laws. a similar scene is playing out in iraq, rockies protest in front of the central bank, asking the government to intervene and the decline of the dinar. the currency dived after the new york federal reserve imposed tighter controls on international dollar transactions resulting and increase prices for imported commercial goods. but
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demonstrations here seem to have made some impact. iraq's prime minister replaced the central banks governor siding, his inaction back in lebanon. the governor of the central bank rashad solomon remains in his post. this is despite being accused of laundering public money to europe. and the country has yet to reach a bail out agreement with the i m f. a consequence of a government with a divided parliament, adding fuel to a growing fire. now crowds of south africans also taken to the streets of johannesburg to protest against rolling blackouts. demonstrators marched on the headquarters of the ruling. a n. c party. south africans have had to put up with years of so called a load shedding where power is intermittently switched off, deliberately to conserve supplies, state energy utility. s gong has struggled to keep up with demand and maintain the country's aging power infrastructure. the machines are still running at typical
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coolest furniture workshop in johannesburg, but soon the electricity will be turned off. it's called load shading of form of energy rationing because the country can't make enough. it's led to frustration everywhere. as dorothy, ah, it's included in business terms. indians, loss of income was loss of revenue, and it affects my profitability. in a huge way. to day, the power has gone out 3 times. each time for 2 and a half hours, hulu can still run his smaller appliances of a generator, but the larger machines are down. now he and his team after work at night, and on the weekend whenever there's enough juice. but that makes production more expensive and his customers aren't happy wanted that to explain to them. okay, fine. the cost of and i'll become imaculi's and it's beyond what me and you had actually just to make your product alone. i'm suffering
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a 30 percent loss. it's not that big. we had an agreement, it's hard for cooler to deliver his products on time and even to pay his employees . lot shedding has become a massive problem for the south african economy at home. however, many have gotten used to it and learned to manage the daily blackouts. like the cook normal family. they know what to do, keep the most important devices charged at all times. an app keeps them informed about when the grids turned off today. no changing 3 times. one at 2 in the morning. been 10 and again now it's 6 o'clock until office even. that's what we rely on. tracy, this is the stage. these are the outages and they're pretty accurate for cooking. they've switch to gas. sometimes they even had to rely on a little camping stove. the fridge and freezer can handle 2 or 3 hours of being turned off. extremely important though, is enough light, no matter how demit is,
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make sure that you have your illuminate illumination sorted out 1st because it does affect the spirit. so everything goes dark for a moment when the lord shedding begins. but soon after solar charged lights go on, you and the family carries on. oh, do you know? the good side is that i could spend significant time with the kids we bought and i get to see them live in. we're more present now that there's no screen there playing board games instead of watching tv. at least that's a good way to handle what is otherwise a serious crisis for the country. so for me, in the business team here in berlin, if he would like it more from us, you can head over to our website to we dot com slash business until next time greenwashing nicky to enhancing the sustainability after picking big companies are
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making big promises to save the environment and getting them in any way they claim to be fighting plastic waste. but what's really happening don't big promises. all too often turn out to be big lies a fact. check global 3000 next on d, w. green energy foot gemini, made in the media, some of the world's best on for wind. when i was, this is really, i will call 3. so this is where a gemini company wants to launch a massive energy project that uses wind power to generate hydrogen. but does everyone profit from keen energy made in germany? in 60 minutes on d, w. o?
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