tv Business - News Deutsche Welle August 4, 2018 7:02am-7:15am CEST
china makes its move announcing retaliatory tariffs songs sixty billion dollars worth of u.s. goods washington says it's not backing down and says it's close to reaching trade deals with the e.u. and mexico to present a united front against beijing. and the space race powered by the private sector amazon's jeff bezos goes up against tesla's eat all mask will be first for liftoff. this is your business update on how men are free in berlin glad you could join me donald trump's top economic adviser says the united states and china have been holding high level trade talks for the two sides of creative found little common ground larry kudlow describes china's threat to impose another sixty billion dollars worth of tariffs on the u.s. this week and said the world's second biggest economy was quote in trouble the trumpet ministration continues to accuse china of stealing intellectual property
and not playing by trade rules china as it is' those allegations and says u.s. protectionism is a threat to global trade. as hear more on this now with our financial correspondent so fisherman skee in new york sophie clearly the latest ratcheting up of trade tensions between the u.s. and china there how's that playing out on wall street. well investors here have tend to downplay concerns about these trade conflicts for the longest time and have been focusing on fundamentals and earnings but when we look at the charts out the dow jones for example and other indices we can see subtle signs of declining optimism wall street lost a few points on per se on friday it did look a little better again but it is gone all over that investors don't pay attention to the terror threats at all the back and forth between china and the you as has
turned into a downward spiral with neither of the two sides giving in so wall street is asking where is this going to end will trump be able to turn all of this into a win win situation or at least into america wins a situation or will china think he's taking it too far and retaliate even harder once american companies begin to suffer from protectionism enter italy ation wall street cannot longer ignore the possibility of trans trade policy harming the kompany they are invested in in the long term at least but then again there are a lot of distractions at the moment like earnings like the new market cap record from apple and so the s. and p. five hundred and that outgrowth rolls on friday so if you ask you for us in new york thanks for that safety. the m.b. is it ten years old and the home sharing website has disrupted the travel industry like no other turning ten tenants in the hotel but resistance is growing in many
places including in the german city of new neck which is threatening to find the company for shaking things out a step too far. munich has the highest rents in all of germany it's also a major tourist destination some residents here good returns off the air b.n. b. apartments as these officials in the local authority know only too well meaning homeowners and tenants need a permit to rent out their apartments for more than eight weeks a year. the investigators suspect a tenant here illegally renting out properties all year round. suddenly going out for installs if sentiment is it started in twenty seventeen with this apartment he was a kind of big player few rented lots of flags and then substitute them or be. on the biggest for me that the investigators pay a visit to the apartment and speak to vacationers to gather evidence their landlord will receive a hefty fine potentially up to five hundred thousand euros in
a secret. from you can rent the place per day four hundred to two hundred fifty euros or if you do the math on the monthly rent is covered up in just ten days of. finance york and after that you start making a profit. but given. the idea behind air b.n. b. is that tourists like to feel at home. since its founding the company has grown from one hundred thousand registered listings to four and a half million b.m.p. rents out more rooms in munich than the five largest hotel chains combined. in northern germany some landlords have even kicked out long term tenants so that they can profit from the air b.n. b. . one a good thing about suspected that's what's happened to her. she lived in her apartment for thirty three years she raised the children there and knew all her neighbors and she got an addiction notice that none of the claims you needed the flat for his own
use. that enough to make him typically someone suggested i take a look at the m b s if they suspected it was being offered on their website and committed yet this is the out on have am be part of her kitchen are still in the apartment it now costs fifty nine years panetta and that's eight hundred a month more than four times the original rent money going to be able to now is to pay much higher rent elsewhere and is suing their b. and b. for tourists a cheap option below days around the world but for residents looking for rentals it's a potential nightmare. amazon founder jeff bezos could be falling behind in the private sector space writes there are signs that his firm's heavy rockets at the lift off and twenty twenty may slip behind schedule his company blue origin faces stiff competition from none other than eagle musk and his face xx. just
a month ago amazon founder jeff bezos is rocket company successfully pulled off its most important test to date. but reports are now saying the twenty twenty left off date may be moved back engineers are still finalizing details on the heavy launch rocket bases as frequently stressed that the timing depends on perfecting the vehicle safety. gear. and stand down this vehicle is going to carry humans we're going to make it is save his we can make it we're going to test it we're not going to take any short cuts so we'll put humans on this vehicle when we're ready and not a second sooner the reusable launch vehicle will be used to transport satellites it will also take tourists into space and bring them back to earth again. can you imagine how alan shepard must have felt.
all those years ago most of them pretty cool space travel has come a long way since astronaut alan shepard's historic journey in one thousand nine hundred sixty one now bases wants to expand the company by doubling its workforce over the next two or three years to around three thousand employees or is that sort . as germany spain has the transaction transition to green energy it's encouraging others to do the same and with plenty of sun and wind africa is one place you think where new of bills would make a lot of sense but a report from the of the group oil change international accuses rich countries of promoting debt energy in africa and prioritizing fossil fuel development that at the expense of clean energy sources it estimates that some sixty percent of aid given to africa's energy sector went into fossil fuels. and to an extent because from oil change international he's the director of the stop funding
fossil fuels program that i asked him why shouldn't africa take advantage of the resource if it results as it has including fossil fuels and i think it's really a decision that's in many ways up to african governments and the people that they represent about what the energy future is ought to be on the continent but i think the issue that our report highlights is that we're talking about a lot of international public money so government backed taxpayer money flowing into africa to support energy development and what we're seeing there from this relatively scarce public finance there's not a lot of this money floating around and we needed to do a lot of work we needed to help address sustainability goals we need to help address development goals we're seeing a lot of that finance flow to fossil fuels and a lot of the time what our analysis discovered is that quite a bit of that money supporting fossil fuels are actually supporting the economic interest of the countries providing the money not necessarily focusing on the
development benefits for for people in africa but we should say that your report also points out that forty percent of financing does go to other energy sources not fossil fuels i'm seeing here i mean that's not nothing how is that being used. yeah a lot of that finance is for transmission and distribution expansion so expanding the grid a lot of that sort of that other category is site is in large hydro which we don't count as surviving energy and that's actually you mentioned that the world bank group disputes our estimates that's one of the areas of difference that we have with them we count that as other instead of green energy because of its social and environmental impacts but there is some finance going to renewable energy as well to solar and wind and our our emphasis is that you know we look at the evidence and the analysis by the international energy agency and we see that if we want to achieve universal access to electricity for the hundreds of millions of people in africa who currently are without electricity it's going to require more investments in renewable energy i mean you mentioned access to the great some places aren't yet
connected to the great so should we be telling countries how to get online what about using fossil fuels as a stopgap. i think it's up to the governments themselves and the people of african countries to make decisions on their energy sources and what kinds of projects they want to invest in but i think that the evidence shows that on a least cost basis if we want to connect the hundreds of millions of people without access to electricity in africa right now to energy services that the most affordable way to do so for most people on the continent is through distributed renewable energy through off grid and many grid approaches i'm rather than through fossil fuels as a stopgap so a lot of the communities that are rural communities that are that are off the grid that are using diesel generators for example right now that's an extremely expensive way to produce energy services and there are innumerable turnitin is that are becoming more oh by the day i see because from oil change international thank you. and that's it you're up to date with the latest from the world of business
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implement onto the floor of the berlin wall and i remember thinking at the time if the blonde in broken forward anything could happen if people come together and unite for a call. but i do the news that often confronts difficult situations more conflict being discussed else i see despite my job to confront good speeches on policies and development to put the spotlight on issues that matter most congo food security oppression martian isolation. a notch has been achieved but so much more needs to be john and i think people have to be at the heart of solutions my name is i'm a touchy about and i work at the delta.