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tv   Business - News  Deutsche Welle  April 27, 2022 8:15am-8:31am CEST

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a number of such friendly on a european tour as they seek to raise money for the victims of the russian invasion of that country. that's it. from you the news team from our lab, an update for you at the top of the arb don't go away up next is business with christy platt. since he looks at how the board ukraine is making it harder for south americans to make ends meets. i've got office in berlin, thankfully ah, people in trucks injured one trying to flee the city center. more and more refugees are being turned away. order families, please see the reason for the credit on its way. located demonstrate people seeing extreme dreams. ross getting 200 people hassan from the gmc around the world. more than
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300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, ah. it's the $44000000000.00 question. elan mosque wants to take over twitter and turn it into what he calls a haven for free speech. what does this mean for the platform and will it work? we will get an expert view. also on the show carnival is back in brazil, that high consumer prices are killing the party spirit. and the war and ukraine could make matters worse. i'm christy plats than welcome to the program. twitter is
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one of the world's leading social networks. over 2000000 daily active users are writing more than half a 1000000 tweets every minute. but the company has struggled to turn a profit. now over the last decade, it has posted more net losses than profits, and that includes in 20202021. last year twitter reported a loss of $22221000000.00. now, despite the struggle, it has a market valuation of $33000000000.00. now you must wants to buy the company for $44000000000.00. this has many asking if the eccentric billionaire sees an opportunity, others have missed. what exactly is he up to? ah, after revolutionizing the automotive industry, tesla boss, ellen must now wants to do the same with twitter. the high tech pioneers paying $44000000000.00 for the social media company. after as hostile takeover efforts
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ended in success, musk tweeted, i hope that even my worst critics remain on twitter. because that is what free speech means. it starts off with freedom of speech. i think that's really been me the starter for going after twitter, but ultimately it's really trying to shake up social media. me. he feels like it's a fragment graph form. he could significantly improve it, but there's growth challenges ahead. twitter has been underperforming platform for the last decade, and this is definitely ma, spend 20 percent of the net worth on twitter in depth, a risky mood. while some americans are looking forward to la censorship, others fear the acquisition will give musk too much influence. i just don't think it would be good of, you know, like control and just because he's a lot of mine doesn't get more power. i think he'll turn to for the better. how so? ah, giving people more freedom of speech. maybe bringing my man trump back to twitter.
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i think that will be nice. i like to hear what he has to say. twitter suspended donald trump's account after his supporters stormed the capital in washington last january. since then, trump has turned to other social media channels. trump just said 10 minutes ago, he doesn't want to go back to twitter. that means he wants to go back to 330. you know that? 80000000 follower waiting for him. musk this you want trump, it's hot to say. but if musk is ready for the freedom of speech, he cannot just not let the from back, that's what her iran mosque has yet to comment on. trump's fate on twitter and he hasn't done railed any concrete plans for the social media network either. but after most pays for twitter, he says he'll take the company off the stock exchange and private does it? well for more now we go to alison stuart allen. she is
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a international marketing expert and the ceo of international marketing partners in london. allison mosque is obviously a big personality. what does him taking over mean for twitters brandt? well, it means quite a lot. i mean, it's very clear that ellen musk has been angling for a platform where he feels he can express his views unedited and has been doing so anyway, for quite some time. now he actually owns the company, and this is quite an interesting development because despite having raised or delivered $44000000000.00, roughly to acquire this business of his ambition is to turn this platform into the town square and prefers that it is a place of total free speech that is minimally moderated. and
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so for his brand, this is an outlet for his points of view. both personal and professional, right, well mosque has called himself a free speech absolute us. but this deal came through just days after regulation for social media was approved in the you. where does this leave twitter now? well, this leaves twitter with a dilemma really, which is that if they don't follow the rules and the law now here in the u as if they are repeat offenders, so to speak in unmoderated speech, including hate speech and lots of other offenses than twitter will be fined and on the back of fines they will actually be halted from operating in europe, which is a significant setback for this company. and this brand and of course for iran musk himself who will lose millions of eye balls. and the name of this game is about
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capturing the eyeballs. allison stewart, alan. thank you so much that keith? well, it's a busy week of reporting for it. tech stocks. first out of the gate was google parent alphabet, which fell short of wall street estimates for its quarterly sales. that's. it's 1st miss. since before the pandemic as fears a global economic slowdown hit add revenues. alphabet show shares fell in after hours trading, but it was a different picture and microsoft, where the software make a racked up an 18 percent revenue increase in the 1st quarter. the microsoft results exceeded analysts expectations. it's cloud business performed particularly well. well for a closer look, we go now to our financial correspondent, yann's quarter in new york. now, yes, tech companies had a blockbuster year in 2021 thanks to a greater demand for software, for digital advertising space. due to the pandemic pushing people online. what do
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these latest results tell us now? well, overall, it does tell us that what happened in the past couple of years is not that easy to repeat. so how much can those huge tech companies grow? look at an alphabet, for example, they did have an impressive revenue growth of at 23 percent and they had to quarterly revenue of $68000000000.00. that is impressive. but investors are used to even higher growth rates, but that is tough to achieve. and also if you look at microsoft, for example, pretty impressive, what happens to the cloud business, but also there, it looks like growth might be limited in the future, and that's why investors are not overwhelmed by those recent numbers. well now the fed has also signaled it could or will likely raise interest rates to combat inflation. talked us about what this means for text box. well, i mean,
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overall what we've seen in the past, especially when we come into an areas when we are already or all the of, when we're getting into a different a modes offer in of interest rates. meaning we're on the rise. that usually, at least in the short term, a meant a trouble of for a technology companies. we also shouldn't forget was interest rates and on the increase em all of a sudden money is worse, the something and investors get alternatives where to put money. but in stock, so treasuries, for example, bonds in general become a bit more attractive. and that could mean that at least for now and money get, cor, could get pulled out of those of high flying a tech stocks. and if you look what happened, some already the domestic composited, so the composite, so the tech heavy, an index, so just for the month of april is down by a good, a 12 per cent. we're talking the weakest month, so far as since october, 2008. so you already can tell and that investors are running towards the exit at
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this point. that was yann's court in new york. thank you so much now to some of the other global business stories making this russia is suspending natural gas deliveries to poland after the country refused to pay for it supplies in russian roubles. poland state gas company said it was notified by russian gas giant gas prom that deliveries would stop on wednesday. gas prom is also suspending deliveries to bulgaria according to economy, ministry officials in sophia, germany hopes to find alternative sources within days to replace russian oil vegan during a visit to warsaw. german economy minister, robert havoc said that would allow his country to cope with a russian oil embargo or lint has previously said it could wean itself off russian supplies by the end of this year. oh, and u. s. car maker ford has launched production of its all electric lightning pickup
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truck. ford aims to make 150000 trucks annually. more than triple its original plans. around 200000 customers have already made reservations. or the lightning the international monetary fun says, and a new forecast that the war in ukraine and rising inflation are posing a threat to fragile growth in latin america. tighter financial conditions, economic pressure on key trading partners and social discontent could dim growth prospects even more. ah, rio de janeiro glittering carnival is back. the sequence started festival kicked off last week with the 1st famed sabbath school parades since coven 19 hit brazil 2 long years ago. but the situation on the streets of brazil is less festive. inflation is causing widespread economic hardship. food prices are rising, and life is becoming expensive for ordinary brazilians. still recovering from the
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corona virus pandemic. where people can only eat fish, sausage and chicken you, they can forget about red meat for just to see. it's also driving up gasoline prices, the i m f, believe latin america will grow 2.5 percent this year, but the war in ukraine has increased uncertainty over its outlook escalation could eventually lead to serious global financial distress. the multilateral lender expects brazil's economy to grow 0.8 percent, mexico's by 2 percent, columbia's by 5.8 percent, while chillies will expand by 1.5 percent. the i meth is forecasting 3 percent g d p growth for peru and 4 percent for argentina. a slide from the previous years, strong growth rates, latin america has fewer economic ties with russia and eastern europe. but countries like mexico are feeling the effects of gdp downgrades to major trading partners,
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such as the united states and china. the i m f said higher food and energy prices were forcing countries to take measures to soften the blow on the most vulnerable and contained the risks of social unrest. samba jerome may be back, but it could be a long time before economies in latin america get truly into the party spirit. that's our shell. i'm christy pods and in berlin. thank you for watching. any batteries lying around? is your medicine properly stored? mm hm. emergencies can happen at a moment's notice, especially when children are involved. tips for prevention and how to act quickly with need good shape. next on d,
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