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tv   Business - News  Deutsche Welle  March 24, 2018 12:15pm-12:31pm CET

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and served an earlier version of the protests and was successfully challenged and course. that's it for me for now you are watching the news to join us again at the top of the hour. take personally. with all the wonderful stories that make the game so special. for all true fans. more than.
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just. the most traditional. at any time. check in with a special. take a tour of germany state by state. w. talk calm. and his typically unpredictable matta u.s. president donald trump surprised the world again on thursday as u.s. import tariffs on steel and aluminum were about to take effect against a range of countries he announced they wouldn't be levied against several including the european union. instead he wants to come to an agreement with the e.u. by may twenty five percent for a card we are just starting a negotiation with the european union. because they really shut out our country to
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a large extent they have barriers that they can trade with us but we can't trade with them they're very strong barriers they're very high tariffs we don't it's just not fair then with the stroke of a pen he sent shock waves through global markets levying penalty import tariffs on as many as thirteen hundred chinese products set to total sixty billion dollars exactly which products will be affected and by how much is not yet decided. china says it will respond with its own tariffs on u.s. products for years and now stalking markets but a global trade war is getting underway indices in the u.s. asia and europe tumble sharply the uncertainty surrounding america's policies and their effects are undermining confidence there's a sense of a finely balanced system of trade beginning to fall apart. even in germany steel industry which was exempted from the u.s. tariffs the mood is anything but upbeat as the early shift arrived to some crops do
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a spoke plant at six on friday morning the only topic of conversation was thursday's temporary reprieve. what we don't really believe but we know donald trump always goes back and forth with things. it's not a real agreement because the largest steel producers have been excluded and of course it's only valid until the beginning of may so nothing's set in stone but. the german steel federation has welcomed the agreement with the u.s. government but it says the e.u. is far from being in the clear the u.s. will still be sealed off from many other steel exporting nations from eastern europe and asia. their exports might well end up on you markets. we believe that that could mean around thirteen million tons being diverted to us that's an important crease of forty percent which would completely swamp european steel markets and place considerable pressure on companies to adapt.
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and possibly because it donald trump still dispute has already done a lot of damage though at least as far as trust is concerned. facebook was gripped by a major scandal this week after it emerged the company had pilfered masses of user data c.e.o. mark zuckerberg enjoys the limelight as much as the next guy but at the beginning of the week he was keeping a low profile more than two years ago his company discovered the data research company cambridge analytic spot on fifty million of facebook's users much of the information gleaned was said to have been used to try and influence the u.s. presidential election facebook failed to inform those affected and merely told cambridge analytic to delete the data which reportedly never happened instead facebook opted to delete the accounts of those who brought the scandal to light people like chris wiley former research director at cambridge analytics. i magine i
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go and ask you i say hey if i give you a dollar two dollars could you fill out the survey for me just do it on the up and you say fine right i don't just capture what your responses are i capture all of the information about you from facebook but also this app then crawls through your social network and captures all of that data also. users facebook friends were also spied on without their consent their likes their gender their sexual orientation and political leanings everything was trawled up users are appalled and calling on others to abandon their facebook accounts some analysts have even been forecasting facebook's demise. to scandalize plunge facebook into its deepest crisis since its founding and the effects have been dramatic over the course of the week the company's shares lost almost eleven percent were the total of around sixty billion dollars the massive public pressure eventually forced facebook's founder and chief
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executive mark zuckerberg into a public response. succored apologized for the scandal admitted mistakes and promised to improve security but is that enough. one of the things that we have to remember is that this isn't really a person all. of you know a personal apology it's really about public policy consumer harm consumer protection and we know none of us have a personal relationship necessarily with these two individuals what we're looking for are policy recommendations and protections rather than have to feel good emotionally about there are contrition and in san francisco shareholders have filed lawsuits against the company the days when it seemed like facebook could do what it wanted with the data that users provided without taking any responsibility seem to be numbered u.s. and u.k. authorities have now launched investigations into what was stolen how and how it
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was used. german conglomerate biased takeover of us competitor monsanto got the go ahead on wednesday it follows a brussels investigation into the fifty six billion euro deal which would create the world's largest integrated herbicides and seed company. our in-depth investigation it raised concerns that the transaction as it was mitchie fight would have significantly reduced competition in a number of markets in europe and globally. it would also significantly have each use innovation which is very important to develop seats with the high yield or pests acts that are less toxic and less damaging to the environment as such at the time the european commission which serves as the antitrust regulator for the twenty eight nation e.u. cited concerns the merger could reduce competition in key products for farmers.
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brussels imposed several conditions on buyer i think looted selling part of its business to german rival b a s f that deal announced in october would see bias sell the bulk of its crop seed units and its glyphosate herbicide business to be s.f. brussels gave the go ahead to the deal despite opposition by environmentalists who fear it gives too much power to the world's leading agree chemicals and seed manufacturers they're now pinning their hopes on a no from us or therapies who also have yet to give a green light to the bio monsanto deal. the european commission has put forward proposals to close tax loopholes for global tech giants like apple google and amazon tech companies like google headquartered their businesses in places where they get a tax advantage facebook for example has its international headquarters in ireland the e.u. commission wants them to pay taxes where they sell their products not in the low tax regimes where they're registered. prosecutors rated b.m.w.'s
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company headquarters on tuesday as they search for evidence in the ongoing diesel scandal b.m.w. c.e.o. harold kluger has said the company's diesel vehicles were not manipulated the just released twenty seventeen financial results contrast starkly with the company's legal woes b.m.w. posted record profits of over ten billion euros last year despite spending big research it expects twenty eighteen to be its ninth record year in a row. has suspended its self driving car program after one of its vehicle struck and killed a woman pushing a bike in arizona the vehicle was in autonomous mode at the time of the accident with an operator in the driver's seat the accident occurred in tempe one of four north american cities with the right healing giant was testing the cars it's invested heavily in autonomous technology which it considers key to its future business model the accident marks the first time a pedestrian has been killed by
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a vehicle in autonomous mode. the us federal reserve has once again raised short term interest rates the quarter point uptick is the fourth such rise in the span of a year an indication of the recent economic growth in the us is expected to continue the latest meeting of fed governors is the first in the new chairman jeroen powell who was nominated by trump last year fed members projected they would raise rates twice more this year in an effort to control inflation. africa offers a potentially gigantic market of up to one point two billion people many of them desperately poor it's hoped a new free trade agreement signed this week will tackle poverty there. their promise of free trade and free movement is prosperity for africans because we are proud of the production of
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goods and services that. enough. by boosting entrapment in trade the forty four participating countries hope to reduce their dependence on raw materials exports right now africa's countries only do about sixteen percent of their total trade with each other the new agreement is expected to come into effect in one hundred eighty days time though it first has to be ratified by each country's parliament. we need. to some. that acquired. for. free that it. become. but to really boost trade african countries will first have to invest in their infrastructure things like roads which connect the countries with each other so their products can actually move around freely.
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japanese company care sara has built a new solar plant floating in the middle of a reservoir it's an answer to the country's perpetual problem of land scarcity the solar array comprising more than fifty thousand panels covers eighteen hectares of a dam in chiba prefecture a kyocera spokesman hinted the plant could be the first of many like it. there are so many reservoirs here. we hope that this project will let us expand our business throughout your pants by making use of them. the operator claims it's the biggest solar power plant on water in japan annual output is projected at more than sixteen million kilowatt hours that's enough to power around five thousand households for a year. the plant began operating earlier this month two years behind schedule. french multinational c l a ten which developed the technology says the cooling
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effect of water on the solar panels increases their energy production and makes them more efficient than land based systems of similar size as the panels also shield the water from the sun and reduce evaporation. for. reliable data. use distance for classics to play. a little. automotive.
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playing superstars in kenya. those of a generation pyramids she jones. the comic tells of the trials and tribulations of growing up finding a job. the heroes speak the language of the young and give them the courage to shape your own future. sixty minutes. link to school africa and the world your link to exceptional stories and discussions. of easy our website comes to come join us on facebook at g.w. for guy. mark catholic architect or. one of the. cultural treasures. never end in construction site.
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for tourists. cologne cathedral joined us as we explore the history of this imposing house of worship. cologne cathedral starting march twenty ninth on t.w. . oh and welcome to drive with an e w mojo magazine coming up technology on board subarus no one place has all wheel drive and a lot more winter fun we try up a skoda kodiak in finland. and we test bentley slightly more affordable and huey the bin take a v eight. stylishly late to the.

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