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tv   Business  Deutsche Welle  August 8, 2019 8:15pm-8:31pm CEST

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day created nearly 20 years ago by the international fund i'm a well fed it's got fans around the world like here at this shelter in hollywood california with joy recent estimates put the number of cats worldwide including dozens of treats at about 600000000 and since being domesticated thousands of years ago i think it's produced a mysterious compound it's. just a cat out of next to business africa with family facilities old world use of tough they are going to. robots they're still in the development phase 5 foot so it's going to happen when they grow. will humans and machines be able to peacefully co-exist or are we on the verge of a robot colors. if we just bumble into this totally unprepared with our heads in
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the sand she seemed to think about what could go wrong then let's face it it's probably going to be the biggest mistake in history. artificial intelligence is now spreading through our society. will experts be able to agree on ethical guidelines or will this technology create deadly new autonomous weapon systems. the place for robot collapse starts aug 14th on d w. that's the sound of europe's economic. and. trade wars the escalator and economic disappoint. continue to lose their shine. on its long losing streak in over a decade. to ship them overseas for processing cambodia
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tries to put some spot domestic industry. and make friends with it switch to the face of a corrupt regime. with the nation's. business some experts say europe's biggest economy could already be in a recession the big german engineering firms. crisis hit by profit downturns a lot of companies a cutting jobs all reducing hours it raises the wrists of a global recession. europe's economic murder may be running out of gas automotive supply. profit slumped 41 percent in the 2nd quarter and the company has announced plans to shut down an entire factory. competitors shiflet also lowered their earnings expectations and said the stuff would have to be let go falling demand is
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hurting still companies like sun corp to the company is bracing for a loss this year. and exporters are feeling the squeeze from the u.s. trade war and brics it worries for economists the signs are clear germany is heading towards a recession overall industrial output in june this year was down one and a half percent compared to made that was a far bigger drop than analysts had been forecasting compared to june of last year it was an even greater fall 5.2 percent the biggest decline since the financial crisis broke a decade ago industrial output is expected to drop further in the next 3 months. germany's 10 year bond yield has hit a record low and bond yields across the board are in negative territory as investors seek safe havens responding to 3 central bank rate cuts wednesday and
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that german data long term fixed income assets like bonds are benefiting as global recession risks rise especially with the u.s. china trade war escalating the profit a bond yields when a matures goes down as the price an investor pays for them goes up so things have to be pretty hairy to get markets to pile into bonds go. south africa's gold sector has lost its shine once the world's biggest coproducer by far it's now slipped to 8th place in the rankings figures just down for production is 24 percent down on losses tonnage for the sector has been declining steadily for over a decade and is on its longest losing streak since the global financial crisis output has fallen for 20 months in a row the gold price at the same time has passed 1500 dollars. announced for the 1st time since 2013 but that's more comfort to south africa's mining sector the
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nation is struggling with rising costs for electricity and labor many mines a closing due to unprofitability let's go over to elephant in cape town our correspondent there. as a potential but net answer must be slipping through south africa's fingers with gold at such a high you know definitely go south africa has is one of the some of the biggest pool reserves in the world i mean the economic hub johannesburg is known as was the goalie the place of gold and it only reason for is existence is that gold was classed found that once and yet the gold industry in south africa is definitely and kind of recent sunset years and a future just doesn't brights will tell us what went wrong because it's not like gold lost a child no definitely will one of the reasons you just mentioned it's a high interest price that's not helping us in africa also what's not helping it is
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that the power grid is just not stable and we see in the past year or so that there are a lot of blackouts some no electricity as they go in separate out apart from that it's an industry where we've seen a lot of strikes and that's not an action protest action but actually to biggest problem it is that the goal is to deep inside africa and we're talking now about mines that are as deep as 3 to momentous full i want to see how it's just getting to be expensive for south africa and to my net wells ok i was also looking at diamonds platinum most of the minerals production numbers they're also down but why are they up then for coal if it's got to do with the labor costs of electricity costs. yeah coal is that because i mean it is still there and the power utility eskom in south africa that it's me. it's winter here now so we need a lot of cool down just a moment this side of the world evident it's not just
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a full story it's also there is an explorer of cool are actually go quite well there is the mom from from asia for call from south africa for example india is the 2nd is the 3rd largest exporter of school to india a source of data for and that commodity is going to other african countries seem to be getting a bright when it comes to gold some of them have been turning to china to open minds how are they doing things differently to south africa you know definitely actually to the upcoming country here although they have to be mindful for a long time is god gonna be stepping into that well you know south african street and one of the things this normal pastas said constance africa extremely high because the minds are so deep but it also has a friendlier policies and last year we saw that output at schools at least with 12 percent of that country is definitely on the rise and is property coming ok
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that's from in cape town for us thank you very much for the analysis cambodia is rich in rubies and sapphires but the country lacks the expertise to make big bucks out of its gems aren't most or exported to thailand to be caught and made into jewelry which is where the real profits that to be made a 20 car dark blue gemstone that's what chi tones spends hours each day searching for where he to discover one he'd be a rich man. the pile in province in western cum boat has long been known for precious stones but heavy exploitation means discoveries are now rare still now and then someone will get lucky and stumble upon a soft fire or a ruby. i earn $500.00 us dollars some months other months though i don't find anything and so i
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earn on nothing it's all a matter of luck. the miners have been waiting for this man leap oh he's a gemstone dealer and is going to examine today's whole. shows and what he's got he's hoping for a good price to get an accurate valuation the stones would need to be tested in a lab but the dealer can make an estimate based on his experience. this stone isn't anything special we call it tone here it's worth about $150.00. over the past few years has posted solid growth of more than 7 percent this is given rise to an expanding middle class with money to spend on things like gemstones this store specializes in red sufferers and blue rubies price tags here begin as a 1000 euros the store's owner grew up in the u.s. his most expensive examples are either bought by western tourists or exported to
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china. this blue they're called as an example. right now people go around and call it the diamond open body also is a very beautiful stone and the for example this piece right now is wait 19.89 carat which has come down to 10000 u.s.d. and this friday's is still going oh. compared to vietnam in thailand cambodia is gemstone industry is still in its infancy but in recent times dealers have been coming together in an effort to market the country's precious stones abroad if we have that new technology. building yeah and ability that can sicking on this i think cambodia can recovery all in the mind but finding precious stones is
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a matter of luck and many international mining companies aren't willing to make large scale investment based on serendipity so for now the search for gemstones continues to be led by enterprising individuals hoping to strike gold now after some of the other business stories making news samsung has unveiled its new galaxy note smart for personal colback some of the i phones a lot of south korean company is full battery life into its latest devices by scrapping the headphone jack something it mocks competitors for doing. added us sprinted to strong profit growth in the 2nd quarter running over a half a 1000000000 euros but sales grew less than expected sending its shares down was forced to make it says its biggest problem is overcoming supply chain bottlenecks to meet demand in north america. and italy has banned cruise
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ships from entering venice residents have long complained the one and a half 1000000 tourists arriving on cruises every year create congestion rubbish and spend too little following a collision in june when a line is struck a boat italian government says it will now reroute ships away from the historic city. gabbi is justice ministry recently found that former president yaga may stole a least $362000000.00 from the state during his long time in power that is before fleeing the tiny west african nation it could be a reason why new notes have gone into circulation this week with a completely new design. the face of x. prison yard jummy has been removed from the new notes 2 years after he fled the country after losing an election this woman is keen to. see. i think it's important to remove gemma from the new book because my idea is i don't i don't think any president richard should be on and on about. the former president
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who would come here for more than 2 decades and for many here his removal from the country's notes is a good thing. after. money is for the people this time i hope that gambians have a typical jim carrey. one that doesn't symbolize the president or any other people . me and new to. the new dallas he shows his national bird and many here hope the new currency symbolizes a break with the ex presidents regime which was mired by rumpel. corruption. placed by nice doing business but if.
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the law. good. for journalists discuss the topic of. the sun know who is really wrong in the us in the persian gulf continues each side accusing the other of aggression so can you or a play a role in deep escalating the crisis or is it stuck helplessly on the sideline just
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fine on quadriga shortly. quadriga 60 minutes. takes the car similarly. with the wonderful place to make the game so special. for all true fans. of the lock up more than foot long line. this is the news africa. on the program u.n. peacekeepers on their attack in the democratic republic of congo demonstrate as in very much in protest the argues the u.n. mission of feeling that and see the fee have been made it by militias. in uganda an eco friendly business has found a natural 10.

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