tv Business DW November 1, 2019 7:30am-7:45am CET
and contractors. and investigative documentary goes to italy and china and looks pretty hind and glamorous facades of fashion houses. luxury behind the mirror starts a new membership on t.w. . group. it's day one the for the new easy be seen but it will probably be the start of a new era christine look god has little choice but to continue on mario druggies course of loose monetary policy promises promises she'll listen to the markets and listen to the people. and yukky are yummy insects prove ahead as a snack in thailand fried still cooks anyone. and how to be good south african health insurer attracts customers lifestyles while their
smartphone and office rewards for every visit to the gym. this is the dog your business i'm going to office welcome from today the european central bank has a new boss christine legarde no stranger to international finance the former head of the international monetary fund now at the helm of one of the world's most important central banks finds herself in a difficult situation many expect she will continue mario drugs cause of high liquidity and super low interest rates but that won't make everyone happy. the new head of the european central bank hasn't given too much away about how she intends to proceed in her new job but she has given some indication of what she thinks the institution needs to do the zeevi needs to listen to understand markets need not be guided by market but it certainly needs to listen and understand but it
also needs to listen and understand people because a currency is after all a public good that belongs to the people we can go it is widely expected to maintain the loose monetary policy spearheaded by her predecessor mario draghi the combination of super low interest rates and a massive bond buying program help stabilize some of the euro zone's weakest and most indebted economies in the wake of the financial crisis but those policies have of course been bad news for savers who feel there is no longer an incentive to park their money in the bank and fear they could soon be even punished for doing so christine legarde previously served as finance minister of france before taking over as the head of the international monetary fund both jobs demanded some degree of crisis management experience that could well come in handy in her new job as e.c.b. had. plenty of financial correspondent standing by it sounds like god
as likely as some time before the easy needs to change that interest rates and policy what do investors its effects are to focus on in the meantime. the market is really expecting her to stay in the next couple of months sort of finding unity within the e.c.b. that's deeply divided right now over what the future of e.c. policies should be so her 1st step is going to be as she said to sort of launch this review of e.c.b. policy and there are 2 big questions that she's going to try to address one is going to be the negative side effects of this negative interest rate policy and quantitative easing as you said there's been a large impact on savers on banks i think they're going to want to try and sort of find a way to sort of balance the negative side effects and see how negative those are i think the other question is going to be over the seabees inflation target right now the e.c.b. hasn't met its inflation target in years but there's
a lot of division over how high inflation should really be and whether they should lower that or create a band around it so i think they're going to try and sort of find a unity around those issues 1st so if you like drug she's been urging eurozone governments to spend more to help growth could she be more successful than her predecessor there's there's definitely optimism that she will be able to use her diplomatic tools and her sort of political background to sort of gain unity but it's going to be interesting to see if that if that works so far she's been pretty aggressively calling for germany for the netherlands to to sort of resume fiscal stimulus but they've been pretty against it out just this week germany sort of fought back and said we're already spending as much as we can so it's going to be a difficult task shows you let me in france with thank you. let's look a bit closer into this why is this job so important what does the e.c.b.
actually do use a little explain that to bring you up to speed. the e.c.b. manages monetary policy for the european union's 19 member states its most important job is to maintain price stability it also takes measures to promote growth it operates independently of politicians and has $2.00 main instruments at its disposal their 1st interest rates since 2016 they've been hovering at 0 percent the purpose of these super low rates is to spur banks to lend to encourage business investment and spending the hope was that this in turn would bring inflation up to the e.c.b. his goal of just under 2 percent some economists consider anything under his ass a risk to price stability. the e.c.b. can also buy government bonds in recent years it spent well over 2 trillion euros as part of its asset purchase program the idea here too is to provide the eurozone
economy with a boost but some critics say the program essentially amounts to a form of public funding and therefore shouldn't be allowed. the phoebe's ultra low interest rates also mean there's little incentive for individuals to say he's leading them to call for a right to be raised. and out to some of the other global business stories making headlines today a section of the keystone pipeline in the u.s. state of north dakota has been shut down due to an oil leak more than 1000 barrels of oil 1500000 liters of oil thoughts seeped out the pipeline has long been controversial sparking regular protests from local environmental groups. the unemployment rate in japan inched up in september to 2 point 4 percent still rather to feel low but the number of poorly paid temporary and part time workers rose in the 40 percent of japan's workforce is now underemployed
a major social issue in japan many companies trying to save labor costs and made growing economic uncertainties. boeing says cracks have been found in up to 50 of its popular 737 planes after global inspections 2 of quantum jets reportedly affected. so far rejected calls to ground its entire $77.00 fleet. now do you like to snack on salted peanuts all potato chips but how about crispy crickets or perhaps barbecue flavored silk was thought make may make some people faint but not in thailand where one entrepreneur is very successful in selling bugs in a bag for these crickets must feel pretty special after all humans housed them and feed them delicious food what more could a cricket ever want but its latest at this point that the crickets realize that
their hotel keepers are actually the grim reaper crickets are a delicacy in thailand and that means they're also big business. thais have always eaten them but one visionary businessmen not shantytown had the idea of backing up insects like potato chips. i heard on t.v. about how the un said insects were a good alternative source of protein for the future to feed the world's growing population so i thought thais eat a lot of insects already and eat them mistreat food has anyone put them in a bag if not how can we do it and we mean what sort of flavors do we use do we make them similar to the taste from street vendors what different. chanted time decided on barbecue flavor and tom yam flavor a favorite of thais everywhere he also sells silk worms and bamboo worms they
become a popular high protein alternative to a bag of chips among young people there and the united nations food and agricultural organization confirms the do traditional value of insects they have an incredible high content of protein but they also minerals and for example also by 12 to tons of insects are packaged and shipped from this bangkok factory every month that represents $100000.00 u.s. dollars in bugs. south african i'm sure of it tell us he is a is pioneering a health insurance that uses customer data to instill a healthy lifestyle in gustavus the so-called behavioral insurance is based on private data collected by a smartphone and. every sunday morning runners meet in johannesburg to earn points for their health insurance discovery by telling the concept is simple do sports and be rewarded with better rights or accessories like smart
watches. discovery calls its insurance a behavioral change program. chris realer is convinced that his behavior has indeed changed. it certainly has. looking at trying to improve your health trying to improve your fitness. obviously moving and being fitter you are going to be healthier and the incentives are there in order for you to do that with $10000000.00 customers at home and abroad discovery is the largest private insurer in south africa those taking part in the vitality program have to share valuable information about their private life from heart writes during gym sessions to g.p.s. data while driving even weekly grocery lists are analyzed by the company's algorithms discoveries at craig nossel says the dart is used to verify if customers
are living up to their weekly health goals only then do they get rewarded. and we've created an amazing technology platform where we getting back 5000000 downloads of exercise on a daily basis through integration with apple watch with carmen with center with pono when people go to the gym i swap a card we get there so we know exactly who are listening to what people are doing from an exercise point of view and rewarding. customers voluntarily share this data via a smartphone app but consumer watchdog sworn giving away personal information can leave people vulnerable it's not only that the data could be stolen by cyber criminals critics say such health surveillance schemes could ultimately could tile personal freedom. but not everybody is concerned about the technology.
to get the same thing to me i believe it's in your interest to know rather than not know that you've got a potentially a problem with your heart or something like that i personally would rather know and then have preventative measures taken rather than suddenly oh i need a bypass because i've only just found out that i now have a problem. but some experts believe that a scheme that attracts healthy customers while having a negative impact on those in need could lead to more inequality in health care. and that's it from me in the business team. before you go. global markets.
thank. you. one of france's top choreographers males of key it started his career dancing hip hop in the streets on this arts and culture will look at this a claim to work by males who keep a gravity defying dance called death to guy. also coming up. why this german photographer wishes more of the berlin wall had stayed up after communism collapsed. but 1st another story from here
in germany about music neo nazi music because it turns out the far right music industry here is growing and concert organizers have all kinds of tricks for getting around germany's strict laws on hate speech but you can get public funding for their events by registering as political demonstrations there's a new documentary just out on german television about the neo nazi roxy and we've got this short look at it. the quiet town of taman in eastern germany is home to just around 3000 people but 2 years ago tame became notorious as the location of one of the biggest nazi gathering since germany lost world war 2 a far right music festival with 6000 visitors.