Skip to main content

tv   Business - News  Deutsche Welle  December 31, 2018 1:15pm-1:30pm CET

1:15 pm
if music was unable to strongly. to chill up to the wall at the top of the hour unfolds around the clock on the website that's the job you don't call a good. job really. your link to news from africa around the world join us on facebook d w africa. i think is everything challenging first on how to make a muslim. so much different culture between here and there so a challenge in court if. the only. solution is the same i think it was worth it for me to come to germany. child must govern ourselves to work as
1:16 pm
a swimming instructor to share knowledge to children one hundred dollars just random stuff just to see. what's your story take part sharon on info migrants dot net. cut. to. donald trump claims there's been progress in trade talks with china's dziedzic paying the news gave asian markets a welcome boost but isn't sustainable we go to singapore for more. also on the show baltic nations like estonia leaders in the digital age we ask how can germany hope to catch up. a welcome to do business i want to get jones and berlin good to have you with us now if there was one. the topic dominating the economy in
1:17 pm
twenty eighteen it was trade swiss u.s. presidents donald trump attacking partners in the e.u. as well as canada and 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 judging ping 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 provide a very big boost to the market sentiment over the last few days now is also
1:18 pm
a rare glimpse of hope in what seems like a very tumultuous year for into india eighteen and according to reports trump 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 gio bank holiday but it ended some twelve percent down what are the biggest risks for asian markets right now what 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 us tree talks and how those will pen oh it's whether or. not there
1:19 pm
will be a crisis is going into twenty nineteen what remains to be seen it will be an exit whether or not it is unexpected it won't be unexpected rather. any any silver lining on the horizon for twenty one thousand well the next two quarters may find trying to stabilize as the talks go on but according to a survey conducted recent b. japan and korea ages most mature markets were seen as the biggest pessimists for twenty nineteen and meanwhile thailand thailand philippines and malaysia one of the biggest optimists for twenty nineteen so will want to look at those three markets over the course of the next two quarters all right andrea hang in singapore sink you 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
1:20 pm
us this outlook for what's ahead in twenty nine thousand and twenty one thousand the markets went downhill much much faster than anyone could have imagined especially in germany where the dax twenty two percent and so going into the new year people are still from the dismal twenty and. the expectancy for the new year are a little bit dampened a lot of analysts are seeing further growth for the markets for the dax for example they're seeing a little bit higher share prices at the end of the year but certainly nowhere near the record high that the dax reached twenty eight also there are better prognosis for economic growth that is economic growth continuing most of the major germany including of it also in the united states and in stronger. economic growth is uncertain of what rates of will grow and people say the signing for the success of
1:21 pm
twenty nineteen will be the major problem areas which may twenty eighth for the whole trade war interest rate hikes and the brackets that any one of the problem areas where up when you will have problems with major ones. already passed from the frankfurt stock exchange now one of the major challenges for germany this 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 it is still only at coding has been part of the national curriculum for years these children are learning how to program their own music software and. highspeed wife i is you pick wishes in the country in fact the government declared internet access to rice as far back as the year two thousand. here in
1:22 pm
germany on the other hand universal high speed internet still feels like a distant dream especially in rural areas. 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. should. 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 u.s. companies of course dominate the market and we're on our way to becoming
1:23 pm
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 seeing the speech 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 juror peanut butter but we have to use. so there's still a lot to do 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 yes so that you know you can talk to your refrigerator and and but also the machines communicate with each other and just sends us everywhere and germany is quite good in things so our industrial sector is very strong our automobile sector is very strong so if we kind of combine zs knowledge we have and use the data as much i think we really have
1:24 pm
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 it she did another big topic so germany is the germany of many small companies small and medium sized enterprises and what we see is a platform economy that companies tend to be very large and you know all the speak american companies who dominates the market is a 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
1:25 pm
foreigners which i've never seen before and i would have done that ten years ago yeah but no what they see is 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 and none of us market says trust in an honest market so new markets are appearing you know and many products you know for low price exit cheap products and 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
1:26 pm
we used to have a lot of concentration on motor 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 states they grew by themselves there so the incidents we need 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 they should when they investigate these cases really consider how do they use a data is it's used in anticompetitive 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 ambassador thank you very much and happy new him think you. just enough
1:27 pm
time for this italy's column and 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 of the usa at that the original budget would have raised the country's public debt beyond acceptable levels. and that's your business update here in the w thanks for keeping us company.
1:28 pm
tomorrow's musicians today. that's according to stress me but. i am not sure the twenty two year old toxic festival. i am told by the sound of the future i am. d.w. . the indians. turning agricultural
1:29 pm
waste into eco friendly tableware. that's the plan of young start up land. it's offering farmers a profitable alternative to burning their crops dumbell while removing one of the main causes of india's air pollution. in sixty minutes. like i and germany with delhi and any time any place. to sing music video never. happened at the benefit of active. songs to sing along to download this to come
1:30 pm
from super looks. to be a type i have very good cause this kind of into active exercise is the hard thing about that d w dot com a slash documented on facebook in the app store. glen gem in fifth grade with the w. . i l. . playing at.


info Stream Only

Uploaded by TV Archive on