tv Business Deutsche Welle April 19, 2019 5:02am-5:16am CEST
putting it on the new york stock exchange social scrapbooking company's pinterest has a picture perfect a view on the stock market but it warns that it may never make money. also on the shelf outfitted with smartphones and good taste china's social media savvy fashion use those are redesigning the industry. and collecting contractors that is destined for the dinner plate and for use in medicine one appetit. welcome to d.w. business i'm joined now the milan in berlin thanks for joining us the company about describes itself as a platform for inspiration had its first trading day on the new york stock exchange
pinterest thought stocks surged more than thirty percent and its debut its valuation has been put at twelve point seven billion dollars the digital phone board site dedicated to sharing pictures of food fashion and travel claims of more than two hundred fifty million monthly users it's the second biggest u.s. i.p.o. this year after riding hailing out lift went public last month like a few of its unicorn peers however it is unclear when or if pinterest will ever become profitable. yan's court to followed the i.p.o. for us on wall street high end so first list now pin to rest another bellwether for how tech unicorns might perform as a publicly traded companies now what the picture is emerging for investors so far. well i mean especially if we look at to pinterest it's a good omen for all those i.p.o.'s to come probably early may we might see the
i.p.o. off so that would be by far the biggest i.p.o. in a years but you mentioned a lift so we can't really judge from one day when a lift started trading involved in three weeks ago the stock also had a very solid first day of trading but since then it has dropped about seventeen percent from its i.p.o. price but you did mention that pinterest is also not profitable but their loss is rather small with sixty to sixty million dollars in the past year lived in comparison last year had a loss of almost nine hundred million dollars but it was certainly a solid start and now we have to wait and see for the next couple of trading session if pinterest actually will do a bit better than give. the interest of course not the only company making its debut today at the new york stock exchange there is also the video conferencing tech company zoom so what thirst option been like. well the reception was
very warm and welcoming the stock of the room actually went up by a good seventy percent on the first trading session but there was a funny little mishap still some investors obviously got confused because there is a company called zoom to good knowledge and this is a small chinese firm was a market valuation of about sixteen million dollars and some investors obviously got confused and started buying the stock of good knowledge not of xoom media communications so obviously mistakes have been overall if we look at i.p.o. is that we've seen so far this year on average they've been up twelve percent still in general still a good market environment to get your shares listed at the new york stock exchange or the next day. a lesson in reading the fine print from the ends quarter there on wall street thank you very much. and now to some
a sobering statistics from the international labor organization it's released a report saying that an estimated six thousand five hundred people die of work related illnesses every day one thousand perish and on the job accidents now the u.n. labor body is calling for new standards for tech workers amid conditions projected to get even worse. this is one of the most dangerous jobs in the world every year fourteen thousand workers in the many global mining industries dying on the job many more succumb to illness and disease caused by the unhealthy working conditions the international labor organization has been investigating just how dangerous work can be two point seven million people. died because of their jobs and more than three hundred seventy four million people are living with different injuries and illnesses due to their job and most of the deaths are actually due to diseases that are attributable to work. pretty in the more humane conditions and flexible
hours in industrialized countries have their own dangers albeit rather different ones the aiello says they harbor completely new risks for workers. this continued connectivity excessive working hours work our very best to the increase in circulatory disease risk diseases and other muscular skeletal diseases and psychosocial that includes the increasing use of industrial robots they can like in work tasks and improve safety but workers are often left feeling they have little impact on their own work the aiello says governments and employers need to look closely at standards here as well. if the internet is called the information superhighway well then i'd like it to me a china's fashion influencers on a digital social media stars are calling the shots in asia as fashion capital shanghai among their most ardent followers are chinese millennial and the hunt for
luxury items. here in shanghai their top american designers latest collection is being presented to a select group of guests. and when john lowe was one of the most special neither a movie star nor a pop musician she sick a.o.l. a key opinion leader on social media a fashion influencer. we kill whales have advantages we're fast we work with our phones and we post what we see directly and as private individuals we can get closer to people. when join laos study design she became a style icon through her instagram posts and fashion blogs hundreds of thousands of people follow what she wears and what she has to say about style issues. after an hour she's off to her next appointment. she travels the fashion capitals
of the globe but she found shanghai the most exciting city of all. commie europe is highly developed in terms of fashion. but the pace there are slowing down. here in china we're very happy about that because we're facing a great future lots of unexpected great things will be happening here. next opposition shopping mall when july when live from her work as a social media presence at the moment she takes care of all her business herself even use a basement parking lot. as a dressing room. ready for her next appearance global influencers like the thirty one year old are not only watched by their own generation companies are also keen to identify them studies say that around a third of the world's luxury goods are bought by chinese and rising around four
hundred million people in china are aged eighteen to thirty five more than the entire population of the united states and these millenniums are eager to consume not surprisingly says when john low. in the west the older generations had a lot of luxury so it's not such a big deal for young people but that's not the case for china's older generation which is why we're so eager to have it. when john lauer certain chinese influence in the fashion world will continue growing this year she's planning to launch her own collection of swimwear and the fashion k.o.l.o. will probably continue to be her own best advertising. hungry well one restaurant can offer you something fragrant and crispy supposedly cockroaches fit that bill breeders insists the insects are clean and tasty and are
working with the chefs to make them a delicacy warning our report contains a lot of bugs. and imagine having a million cockroaches in your home the stuff of nightmares but that is the case for leaping and he couldn't be happier as a brita he sees them as his children he also thinks that delicious. and i thought there were. a lot of people think it's disgusting and call them pests but the ones that we print here american cockroaches are in a hygiene nick environment the proper feed nothing synthetic we feed them corn flour fruits and vegetables so medicinal value is also very high also low in. cockroaches have been a documented part of chinese medicine since the sixteenth century for their perceived detoxifying qualities and that's why last year lee was able to sell
a ton of his dried insects to a pharmaceutical firm for ninety thousand yuan or thirteen and a half thousand dollars billy's passion project is to turn roaches into a delicacy that's why he's been working with the chef of a local restaurant to sichuan province. well there was little youngster though these are farm cockroaches not from the wild so there isn't any bacteria after cooking at a high heat it's fragrant and crispy and so. he serves up around thirty dishes a month to cockroach hungry diners yurt in by their claims health benefits combined with such one signature spicy source after a few tentative first bites what they think. it's tasty and crisp and it's really nutritious this is my first time eating cockroaches and less to kill the ones a sore at home but i think that delicious it would. not bad for something that
might otherwise have ended up on the bottom of your shoes. no thank you and that's it for me in the business team in berlin for more business news and features visit d.w. dot com slash business are follow us on facebook and on twitter believe you now with this quick check on global markets thank you so much for watching.
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