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tv   Business - News  Deutsche Welle  January 26, 2023 7:15am-7:31am CET

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dockman climbing the table once more and the young american is again a heath watching dw news up next, tesla charging ahead electric car, mike or beach market expectations, rob watts has more in businesses. i'm terry martin for me of all of us here. thanks for watching. thank ah for johnson dodge to searches for the truth again. this
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time at the exile to turkish journalist meets svetlana itsyana, sky exiled leader of the opposition in bella. luce, of course, i'm tied and tied to physically untied morally. it's too much on my shoulders, but i have to hold this weight because i'm responsible for the future fall country for the people for behind the boss. guardians of truth starts february 18th, on d. w. o 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. i will ask if a law must say it's turning things around in jail. the,
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the side is already turning. business leaders say they're 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, is date of your business on robots in berlin. welcome to the program. good news for ellen, musk comic 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 biggest 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 slashed the prices are his cars in the u. s. and europe, in an effort to boost deliveries serial on musk has also made headlines this week after repairing in court to defend against claims. he misled tesla shareholders us discuss tester bit further with our financial car on to new york. yes,
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of course am good to have you on the program a bit, a bit of a tricky time for tesla. just recently roll schaefer they in well, i mean overall they are in pretty good shape. it's you mentioned with the latest earnings reports that they beat to amended us the expect ations even if the initial and after our reaction on walter and it's a bit hesitant that margin have con, come under some pressure. but overall, yes, test lead 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 a lot of estimate, 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,
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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 them sales. because if a test cars are cheaper, there might qualify for tax rebates, so 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. i did mentioned how long must, 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 term. and that tesla is one point was worth about $1.00 trillion dollars was not just because 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 tesla and also not the stock price that i mentioned, the $1.00 trillion dollar value ation. that test i had at one pine last year alone . the company last about $700000000000.00 in valuation. there's talk us down by about 65 percent and 2020. and part of the reason definitely is all the controversial surrounding the numbers we're talking about are extraordinary on the course in new york. thank you very much. now jim and business leaders are beginning the year on an optimistic note would appear,
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according to the latest survey from the eco, even research institute ceos in the manufacturing sector here are expecting to see an increase in output in the month to come. this is despite continued concerns over the war and ukraine on further interest rate hike, the figures follow other indicators of a more upbeat mood among german businesses and come a week after jeremy chance all shot said he was, quote, absolutely convinced that germany would not fall into recession this year. so need, how rosy are things rarely let's hear from the president of the institute claimed 1st. oh, we have been seeing better days 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 recession is declining. politicians tend to be optimistic about this statement by thompson. charles just reflects the improved data also the business climate next data for me for that has been coming in for some time,
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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 these scenarios are now off the table. and i'll just take a look at some of the other global business stories that are making the news. all passenger flights in and out of berlin international airport happening can sort of stuff. stage one day strike high a pe airport authority. they're advising the 35000 effective travelers to contact their airlines to re book flights. unions calling for a 500 euro month pay increase and the justice department is suing google for its dominance of the online advertising market. accusing the tech dining using unlawful means to eliminate competition. 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 central bank is palpable demonstrators, bern tires, rural 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 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, dropped the dollar. we want to live, have mercy on us. no, no, no, i will protest. thou little is being done to mitigate the economic disaster. no jane, and i'm with him out to tell lebanon central bank chief,
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that their mistake and 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 return 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 in increased 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 back in lebanon. the governor of the central bank rashad solomon
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remains in his post. this is despite being accused of laundering public money to europe. and the country has yet to reach a bailout agreement with the i m. f. a consequence of a government with a divide in 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 of had to put up with years of so called a load shedding where power is intermittently switched off deliberately. to conserves flies, state energy utility. s gum 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 lot 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, it to put it in business terms, admins, loss of income, less loss of revenue. and it affects my profitability in a huge way. today, 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 have to 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 are becoming imaculi's and it's beyond what me and you had a call just to make your product alone. i'm suffering 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,
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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 grid is turned off. today notice do 3 times one at 2 in the morning. been 10 and again now it's 6 o'clock until office ethan. that's what we rely on. jesse, 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
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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 can spend significant time with the kids. we bond, 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 from, and the business team here in berlin, if he would like a bit more from us, you can head over to our website either way. dot com slash business until next time . green energy foot gemini, made in the media. some of the world's best on shore wind. when i was instance where the 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
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everyone profit from a clean energy made in germany next on d, w o signaling that he had to beat scott is worry about rushing propaganda, spreading like oil will to sins media will divide the country off to all. every 4th person here has russian roots. and nearly everyone has a tv, with in 60 minutes, w o. where all the good to go beyond the obvious
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as we take on the world 8 hours and i do all this is weird all about the stories that matter to you whatever it takes. 5 policeman follow with you. we are, your is actually on, i for mine. mm ah, ah, ah, ah, no more gas from gas from germany is filing for an energy divorce from russia, but on its own.

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