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tv   Business - News  Deutsche Welle  January 26, 2023 12:15am-12:31am CET

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for the fun to seek a standings at the midway point of the season while buying our salon top. but union berlin are now only 3 points behind them there, followed by leipzig and frankfort. and at the bottom, bo hm have fallen back to the relegation zone. where they'll be joined by heter and shaka. watching the adobe news live from berlin, stick around all the lakes business is coming up next with my colleague, reports of these and making the flags and what's behind them. dw news africa. they show that the issues have been the continent. life is slowly getting back to normally where on the street to give you enough reports on the inside of our cars,
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funding was on the ground reporting from across the continent, all the french stuff, the mazda u. t. w is africa every friday on d. w. or what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d w world heritage 360. get out now. ah. is tesla getting back into gear? the one seemingly unstoppable firm 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
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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 as his date of your business on robots in berlin. welcome to the program. good news for a long masked comic at tesla. the company has beaten profit and sells expectations in his 4th quarter results. while announcing that deliveries had increased over 30 percent year on year. the figures shortly follow the company's 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 slashed the prices are his cars in the u. s. in europe, in an effort to boost deliveries, sheree la musk has also made headlines this week at repairing in court to defend against claims he misled tesla shareholders. let's discuss test a bit further with our financial course on to new york,
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yann's corte ends good to have you on the program a bit, a bit of a tricky time for tesla, just recently, bird overall. how was that machine for the in well, i mean, overall they are in pretty good shape with you mentioned was the latest earning sir report. so they beat term analyst them expectations even if the initial m, after our reaction you're on, walter does a bit hesitant as margins have come, a come under some pressure, but overall yes. tesla, true, certainly re, has become an earthling of the stock. good has fallen a little bit of grace, even if the company still has the valuation. almost 10 times higher than a general motors are for instance, but the competition is actually increasing even if a lot of estimates. so that for the years to come, tesla might remain the biggest seller of electric vehicle, but the competition is definitely catching up and it, it slices slash even their price is by of to 20 percent. just recently there any
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size of that's 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 help to boost and sales. because if a tester, 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 margin. that's something we definitely have to keep an eye on. 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 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,
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he was seen of as a star, and definitely he knew how to play himself in marketing terms. and that tesla is one point was worth about $1.00 trillion dollars was not just because tesla 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 a test. and also not the stock price that i mentioned, the $1.00 trillion dollars valuation that tests i had at one pint last year alone. the company last about $700000000000.00 in valuation. the stock is down by about 65 percent and 2020. and part of the reason definitely is all the controversial surrounding it. almost the numbers rhetoric mastery, extraordinary on the course a in new 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 if you, if i even research institute seo is in the manufacturing sector here,
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are expecting to see an increase in output in the months to come. this is despite continued concerns over the war and ukraine and further interest rate hikes. the figures follow other indicators of a more upbeat mood among german businesses and come a week after jim a chance at 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 fixed. 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 statement by chance. that's all it's just reflects the improved data. also the business climate. it next data from april that has been coming in for some time
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suggesting that the situation may be better. 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 all of these scenarios are now off the table. i'll 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 stuff stage one day strike higher pay. airport authorities are 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 online advertising market. accusing the tech died of using unlawful means to eliminate competition. to move as part of a government push to rein in the power big tech, which is into rapid growth over the past decade. now,
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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. 0 for, for this use 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, dropped the dollar. we want to live, have mercy on us. no, no not. 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're mistaken policies of let us hear. and that someone should be held to
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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 merely midway. eliza mccool, 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 demonstrations here seem to have made some impact. iraq's prime minister replaced the central banks governor siding his inaction, hulu, back in lebanon. the governor of the central bank rashad solomon remains in his
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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 and see party. south africans have had to put up with years of so called load shutting, where power is intermittently switched off, deliberately to conserve supplies, state energy utility ascom has struggled to keep up with demand and maintain the countries aging power infrastructure. the machines are still running at typical coolest furniture workshop in johannesburg, but soon the electricity will be turned off. it's called load shedding a form of energy rationing because the country can't make enough. it's lead to
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frustration everywhere that has dorothy, ah, included in business terms, admin's loss of income was loss of revenue. and it affects my profitability in a hugely, 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 to okay fine. the cost there of and i'll become immaculate. and it's beyond what me and you had. i could just to make your product alone. i'm suffering a 30 percent loss. it's not their baby. 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,
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many have gotten used to it and learned to manage the daily blackouts. like the could go more 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 cheer do 3 times. one at 2 in the morning been 10 and again now it's 6 o'clock until office 8th. and that's what we rely on to say. 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 to 3 hours of being turned off. extremely important though, is enough light, no matter how demit is, 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,
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you and the family carries on. 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. that's all for me in the business team here in berlin, if he would like it more much, you can head over to our website either way. dot com slash business until next time . signaling lot to the app. ma'am he had to beat scott is worry russian propaganda spreading like poison will to sins media will divide the country. after all, every 4th person here has russian roots and nearly everyone has
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a tv with conflict zone with a rash. banner g belittles has to vote in russia since the start of the war in ukraine. what is the support to be sent to escalate into something more active from us to be our ciocca? you've political advisor to bella lucian, opposition, leader trip la massey, kind of sky up. she claims to be the national leader of bella, luce. but holden, the gentleman, is her claim. with 60 minutes on the w, with getting ahead, using tech. as our documentary series of founders valley,
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it's africa to meet the founders empowering their continent through digital innovation. all the transformer work in health and living conditions in their country, and inspiring the will with their ideas. a, b, w. ah ah hello and welcome to focus on europe. it's good to have you with us. there's no end inside the war in ukraine almost a year has passed since the war began.

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