tv Business - News Deutsche Welle July 31, 2020 11:15pm-11:30pm CEST
storks saying unfazed by the trouble that caused maybe putting a return to the spot next year. or it could microsoft really buy tick-tock kit ferguson has it coming right up on the business don't go away. what secrets lie behind small. discover new adventures in 360 degree. and explore fascinating world heritage sites. w world heritage 360 getting up now. blockbusters from nigeria you know that's what money would. do to me.
centric. and successful beyond belief. this is the way we do it. would start aug 7th on d w. how no can you go after the united states post historic declines the news from the europe isn't any less bleak of course i'm a number as from across the continent show the staggering impact the corona virus has had on the economy. also coming up could an american takeover of take tongue quell the u.s. concerns about chinese spying. say those on our friends here every once in germany it's a wonderful. as u.s.
troops prepare to withdrawal from germany residents of the bavarian tag where many of them are posted are fearing for their lives. ferguson welcome to the show. this week several major economies reported record lows in the 2nd quarter today the eurozone economy countered its toll with a 12 percent drop in g.d.p. the figures show double digit declines across the board in spain an economy that relies heavily on tourism growth fell by a massive 18 a hoss percent other major euro zone economies france italy and germany old posted huge drops to our financial correspondent chelsea delaney in frankfurt assesses the damage and the potential for recovery. the world was braced for really stunning contractions and the european economy and the 2nd quarter but the scale of
the numbers we've seen this week has just been absolutely stunning and not just here in europe but in the united states as well the question now really is how can the economy recover from a blow this big we have already started to see some tentative signs of recovery things like consumer confidence business confidence production exports have started to improve but the big overhanging fear is of course of a 2nd wave of infections we're already seeing this play out in spain where the rising number of cases has led many european countries to advise citizens against a troubling they're about will add more pressure on to the spanish economy which already contracted 18.5 percent in the 2nd quarter but even if we do you avoid a 2nd wave of infections it will likely take years for the european economy to fully recover. u.s. tech giant microsoft is reportedly in talks to buy a chinese own video optic talk meanwhile u.s.
president donald trump has threatened to bomb the company over concerns it could allow beijing to spy in a moment we'll get the latest from our correspondent in new york but 1st here's a look at a company that has come to him balti the growing mistrust between u.s. and chinese tech giants. with its $800000000.00 users taught those itself as a digital playground but now it's turning into a box all grown between the u.s. and china. with american suspicious of its owners the be backed up may have exploded in recent years but not everyone is a fun. would you recommend that people download that up on their phones tonight tomorrow any time currently if you want your private information in the hands of the chinese communist party the struggle over digital technology is intensifying on the u.s. side facebook twitter and on the chinese side to talk on the technology giant while
we also the targets of a u.s. pressure campaign cartoons lampooning the u.s. have been spreading in chinese media this one depicting uncle sam suggesting the u.s. is threatened by competition but the official tone has been angry. dollar. while we ban is part of what he calls nations becoming clean countries which is in fact a synonym for double standards. that means. the battle may be over to talk but the war is about vying for tech supremacy at stake not just profit but power. let's bring in our business correspondent and squatted in new york now yen why are u.s. officials so concerned about tech talk. well i mean talk has been an incredible success story and that's
a new very short time in april actually to talk a surplus $2000000000.00 global event they have been some suspicion and some charges that talk actually might collect of privacy data from its users that there has been some an ease about that not just from the u.s. side but we also hear similar concerns from regulators for instance in the u.k. and also in germany and u.s. president donald trump threatened to ban the company when an american takeover be enough to make him change his might well i mean the talk might be of that american company might actually acquire the u.s. operations and was that maybe u.s. president donald trump would allow to talk to still do business in the united states if you can somehow make sure that there won't be any data transfer to be
using well let's wait and see what is going to happen on this and for microsoft by the way that could be a pretty interesting resistent at microsoft or clearly has the cash and the money to do so by the way to also the more popular resistance that microsoft did in the pos was skype and then about 3 years ago. linked in that was still today the biggest acquisition from microsoft back then in the amount of about 26000000000 dollars and quite a nice to talk to you now some of the other business stories making news. in the united states the senate has adjourned for the weekend without passing an extension or replacement for a $600.00 a week on employment benefit for $30000000.00 americans labor experts expect congress to replace the 600 dollars with something but details remain unclear.
nvidia is in talks to buy arms from soft bank for more than $32000000000.00 if the deal goes through it would be one of the largest ever in the computer chip business the british chip designer arm power of nearly every major mobile posts are from companies like apple samsung and huawei champagne sales have lost their faith is producers say the coronavirus has cost them $2000000000.00 in sales this year restrictions across the world so the consolation of celebrations weddings and dining out all of bipolar to sales of the luxury behind. the european commission has allowed france's alstom to buy the train making division of the canadian company bombard jape the 6000000000 euro acquisition will make our system the world's 2nd largest train money 5 sure but the approval came with conditions attached. to t.g.v.
cemented france's police as a pioneer of high speed rail travel. but since g.e.c. ulsterman failed the 1st t.g.v. almost 40 years ago other countries have aged ahead. trying to see or are seeing leads the rings with a turnover of nearly $21000000000.00. the relative newcomer is active in more than $100.00 countries. competitors also siemens embody a our liking behind the merger could help all sterling canadian firm from body a hold on to the number 2 spot and improve their competitive edge but the deal will come with some restrictions it took revised plans and strict conditions for e.u. regulators to allow this deal to go ahead alston will have to divest essentially by selling off some of its own and all but his assets some of the production sites in germany and france will have to go as well as some of the technology and trade models. size alone can't solve the problems facing european train manufacturers
they've long complained that the deck is stacked against them accusing c r r c of receiving illegal subsidies from the chinese government. and while the competition has access to the european market e.u. producers are not allowed access to real networks in china japan south korea or the usa. the u.s. decision to withdraw 12000 troops from germany sent shock waves across the country raising concerns about security and transatlantic tides but for the locals of the bavarian town of 5th sec where a 3rd of those troops are stationed it has also left some fearing for their livelihoods. what will become a fill sack it's a very in town with just 6000 residents who've lived for years alongside the americans at the nearby rose barracks is that all over. consciously to guns it's terrible the whole area the economy the shops the americans always use them just as we do they're not strong v.v.
out. some of us play football with the americans it'll be a pity to see them leave again the 2nd cavalry regiment of the u.s. army is a key economic engine for the structurally weak region and until now it had provided full sec with a guaranteed. employer and supply of customers many locals work for the military in some capacity for example in vehicle maintenance the american presence is vitalized the goings on in the town and patronize that shops it's from 40 to 50 percent of our customers are america they spend a lot here it'd be really really terrible for us. and over the years something else has been founded that will be irreplaceable friendships is a sea of t.v. there's a very deep connection the soldiers feel at home here we actually see the soldiers and their families as fellow citizens and that's how many americans feel too explains a retired soldier to us whose wife still works in the military. so i can say those
to our friends here everyone says they're in germany it's a wonderful place to work many locals here are hoping for a donald trump defeat in the u.s. elections perhaps that could lead to a reversal of the decision to pull troops out of germany. not for we have time for a 4 minute more to check out our website the fate of being a dot com flash it's enough we're on facebook and twitter to feel free to drop us a line there for me and the entire team that's going by and take a. good
we know this is a scary time for the coronavirus is changing the world changing. so please take care of yourself good systems wash your hands. if you can stay at how we do w. for here for you we are working tirelessly to keep you informed on all of our platforms we're all in this to get on together and we're making sure you stay safe everybody stay safe stay safe stay safe the priest stay safe. be. like. oh. my god just was see for the russian soul. steve thanks. so many different walks of life. some are. awfully trying but almost come straight from the heart just want to see it even
when there's no more delusion the march will in trucks come. from the foot of the law to their final resting place the russians d.w. documentary. hello and welcome to new fresh edition from in good shape here we are again are you male or female or do you define yourself differently i'm asking because we want gender.