tv Business - News Deutsche Welle December 31, 2018 12:15pm-12:31pm CET
all right you're watching data being is live from berlin more coming at the top of the hour with my colleague bill gale don't forget you can get all the naysayers news and information on the call that's on our website. as we do anything that we. could. go on from. earth. home to news of species a home worth saving. here which is on those are big changes and most start with small steps globally two years told stories of creative people looking to innovative projects around the world like to use the term to convert those to green
energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and were determined to build something here for the next generation global one dio's the multimedia environment series on t w. the big. donald trump claims there's been progress in trade talks with china's dziedzic ping the news gave asian markets a welcome boost but is it sustainable we go to singapore for more. also on the show baltic nations like estonia e.u. leaders in the digital age we ask how can germany hope to catch up. and welcome to do business i want to get germans in berlin good to have you with us now if there was one topic dominating the economy in twenty eighteen it was trade
swiss u.s. presidents donald trump attacking partners in the e.u. as well as canada mexico with whom he signed an updated version of nafta called u s m c a and then of course it was china trump went after the country for its trade imbalance with the u.s. and started a trade spat that ended in tariffs on car electronics agricultural products and other goods worth billions of dollars over the weekend trump said on twitter that he has been talking to china's paying about a comprehensive trade deal and that progress is being made and on the last trading day of the year chinese stocks ended the session in positive territory for more let's cross over to andrea hang in singapore andrea how much of those gains are actually down to those trade talks between the u.s. and china a lot of it has to do with the chinese china us talks that the provide a very big boost to the market sentiment over the last few days now is also
a rare glimpse of hope in what seems like a very tumultuous year for ages in twenty eighteen and according to reports trump had a good call the chinese premier see chimping so this is possibly hinting at negotiations being well underway as well as even a truce and a mutual beneficially agreement. being mapped out now of course not all asian markets ended on a positive note tokyo's nikkei is not trading today g.-o. bank holiday but it ended some twelve percent down what are the biggest risks for asian markets right now while confidence overall is low for markets in asia and it is expected to remain so over the next few quarters of course all eyes in deep breaths being held over the chinese and u.s. trade talks and how those will pan out whether or not there will be
a crisis is going into twenty nineteen what remains to be seen it will be whether or not it is unexpected it won't be unexpected rather. any any silver lining on the horizon for twenty nineteen well the next two quarters may find trying to stabilize as the talks go on but according to a survey conducted recent b. japan in korea is most mature markets was seen as the biggest pessimists for twenty nineteen and meanwhile thailand thailand philippines and malaysia one of the biggest optimists for twenty one thousand so we'll want to look at those three markets over the course of the next two quarters all right andrea hang in single person here so much and happy new year to you. well markets in europe are not trading on this last day of our financial correspondent in frankfurt only box
gave us this outlook for what's ahead twenty nineteen twenty eighteen the markets went downhill much deeper and much faster than anyone could have imagined especially in germany where the docs were asked about twenty percent and so going into the new year people are still struck from the dismal twenty. for the new year are a little bit down from a lot of analysts are saying further growth for the market for the for example there's a little bit higher share prices at the end of the year but certainly nowhere near the record high the dax reached than twenty eight also there are better prognosis for economic growth by this economic growth that you continue in most of the major economies germany included but also in the united states and in trying to think economic growth is uncertain of what rates it will grow and people say the citing
for the success of twenty nine will be the major problem areas which makes for the cold war the interest rate hikes and the brics at any one of the problem areas where up when we will have problems. major ones. from the frankfurt stock exchange now one of the major challenges for germany based on next year to catch up with digitalisation from high speed internet to the digital classroom europe's most powerful economy is struggling to adapt to the digital age unlike estonia the small human the state in the baltics has developed into a major digital hop in a studio coding has been part of the national curriculum for years these children are learning how to program their own music software and. highspeed wife eye is ubiquitous in the country in fact the government declared internet access to rice as far back as the year two thousand. here in germany on the other
hand universal high speed internet still feels like a distant dream especially in rural areas. is the sort of germany is largely covered by forests some twenty percent in fact. so before we start delivering foxes and birds with high speed internet we need to do our homework and locate the villages and rural areas that don't have sufficient coverage that would be the next step is to try. a next step that critics say has been far too long in coming they say germany's lack of digital infrastructure could prove a major barrier to business in the future and for more i'm joined by professor president of the w. the center for european economic research good to have you with us the business was data has long since been done by others above all he companies of course dominate
the market and we're on our way to becoming a digital colony of the americans that's it's a possibility and we have to really take care that we are not kind of losing the spirit which is americans but also the chinese are doing their i'm you know i'm quite optimistic in the sense that you know we have see data protection in europe and that's really something we have and the others don't have it in the same degree so we have some jurors but we have to use. so there's still a lot to be done now with so much catching up to do just the german economy still have a fighting chance. the next big step is the internet of things and so that you know you can talk to your refrigerator and but also the machines communicate with each other and you have census everywhere and germany is quite good in things so our industrial sectors are very strong our automobile sector is very strong so if we kind of combine z's knowledge we have and use the data as much i think we really
have a good chance to compete with the other states. there's a lot of talk about the so-called platform economy what exactly is that. you know that's a kid and another big topic so germany is the germany of many small companies small and medium sized enterprise and what we see as a platform economy is that companies tend to be very large and you know all the speak american companies who dominates the market these are platform companies and so we see a shift in the kind of in the industry and. also here again we see some platforms emerging in germany in particular b. to be plucked from some platforms between business to business in that area but you know the race is on so we will see how that develops now they say digital prosperity for everyone is possible what will that look like. actually i fully agree we have many opportunities and if you want example i rent my my flat to
foreigners which i've never seen before and i would have done that ten years ago but nobody sees people you know they have been to other flats and you know they come to me because they realize that i rented my flat the ready to separate people so what we have done is set in a none of us market says trust in anonymous markets so new markets are appearing yet and many products you know for low price exit cheap products so we see many new products we see new markets appearing so that this. world where you know there's a lot of opportunities we have to be careful that you know we take the opportunities and so we are prepared against the problems which arise for example markopolos which is a big problem but if we get the right instruments there to deal with the problems and i think we have a good chance to to make use of that opportunities which are there now when you mention the right instruments can you give us an example of what you mean by that. yeah. so what we see in particular and cut tell policy is that
we used to have a lot of concentration on military policy so companies shouldn't merge to to get large but what you see now like google or amazon they didn't merge to become these so dominant say this is a group where themselves there so the instance we need to know is how to deal with these dominant companies so that they're not misusing their power and one thing which for example was changed in german competition noise that we introduced data as one one one issue which cattle sorties they should take care of so as they should when they investigate these cases really consider how do they use the data it's used in any competitive way or is it used to the benefit of the people of the customers and so these kind of issues that they take more care about data for example that's what we have to you know have to take into consideration. professor thank you very much and happy new him thank you. just enough time for this italy's
parliament has approved as revised budget for next year after the european union rejected its original spending plan the move means the country will avoid fines the e.u. threatened to impose as a punishment for breaking the blocks fiscal rules italy's populist government has promised to increase spending on the poor and to know what the retirement age at the you said that the original budget would have raised the country's public debt beyond acceptable lifts. and that's your business update here in the w. thanks for keeping us company. the by. the hour.
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