Female members or for religions for peace from the middle east or demanding a larger role for. The female peacemakers stores january 5th on g. W. Call it a late Christmas Gift for Global Markets strong Holiday Retail numbers in the u. S. Boost amazon and other tech stocks and drug market gains in asia well look ahead to what europe can expect. Also on the show its been a rough year for car makers but a fascinating one for cars well take a look at what rolled into the big auto shows this year and out of tinkerers garages. And whiskey makers in scotland have a bitter taste in their mouth as u. S. Tariffs begin to bite. This is your Business Report im Stephen Beard same berlin thanks for joining us christmas retail numbers have markets around the world feeling extra jolly asias up again in the last trading day of the week with a hung song in the shanghai composite both gaining close to one percent and the nikkei in tokyo up by just a 10th of a percent tech stocks were the big winners on wall street in the wake of strong Christmas Spending amazon jumping almost 5 percent after boasting of another record Holiday Season while apple alphabet and facebook were also moving up. Now german industry however is on a different track it sees its problems continuing into the new year nearly half of industry lobby groups surveyed by the German Economic Institute expected growth to stagnate and more expected business to decline and to increase in 2020 a period of normalization after years of growth is coupling with International Trade disputes to dampen business that according to survey respondents hardest hit are the car and manufacturing branches the bright spots the construction and Service Sectors both of which could see more growth in the coming year. Now as mention the past year was an especially difficult one for german carmakers call between declining sales and the need to invest massive sums for new technology and drive systems the big automakers each announced plans to shed thousands of jobs in the coming years but that didnt stop them from showcasing some bold and sometimes ridiculous new ideas immobility take a look. Is this what the world was waiting for. Ladies and gentlemen that knew or should tie caught. The 1st fully electric porsche starting price 105000 euros of course its icon is the biggest competition the tesla model s. Has seen yet. Yes the tesla in november testone baled their latest number an electric truck with apparently dont break the windows at least thats what it said in the cyber truck brochure yeah it didnt work out quite that way. But well. Maybe i was a little too hard. With this for demonstration purposes or was the cyber truck still a work in progress. Garnering fewer headlines was the ingenious invention of a ukrainian beekeeper in june he presented the worlds 1st homemade electric car that he drives through his b. Highs every day. Not one for the big car shows like the annual Geneva Motor Show here french luxury money sure bugatti presented what is supposedly the most expensive car in the world complete with handmade wheel rims it will set on a buyers back 16000000 euros or makes its way through this is a wall of water this is for sure. A completely opposite end of the spectrum is v. W. 1st purely electric car the id 3 which is aimed at the mosque marcus. The idea 3 is opening a next chapter. Fulfilling vision to become machine 0 emission brands by 2050. 0 emission goal had already been achieved in january by a russian schoolteacher. Exactly one horsepower for 0 emissions. The horse drawn car stands for a global trend making new out of old. Falso in london was this morris minor built in 1953 which used to run on petrol but is now always plugged in at night it hails from a startup that makes its money by retrofitting old cars. When there isnt actually anything wrong with them except for the power train. The only thing classic cars con to yet is fly other inventors are working on this maybe 2020 will be the year the flying car goes into mass production. And we go now to our financial correspondent in frankfurt only bards only a piece there on the car industry some interesting cars the industry itself however in germany not doing so well its one of several Industry Sectors that has that pessimistic outlook for 2020 does that surprise you. Its been the tenor its been the tone for most of the year and as the year progressed 2019 the projections and the mood in the industry worsened yes theres been a little bit of brightening in the last few weeks there have been some figures from industry which have been looking up just slightly but the year has been a bad one its not just been uncertainty on bricks at and especially on u. S. And china trade but the car industry for example the key industry really here in germany caught between digitalisation heavy investment for ecards in the future autonomy is driving and the pressure and the difficulty of selling the cars they have a right now in the aftermath of Diesel Scandal of a car scandal and with the World Economy declining as a whole right least did the Frankfurt Stock Exchange back open again after the Christmas Holidays we saw earlier that there was strong retail numbers in the u. S. That really drove markets there and in asia what do you expect in frankfurt today. Well you know frankfurt will be looking to see whether they can continue the rally that they had all this year i just talked to put the situation and industry its really its really a strange situation that stocks have followed u. S. And World Markets stocks in germany upwards so the dax is not terribly far away from a record high but you know the market is a little lethargic now at the end of the year i think itll get a kick from the u. S. Numbers the thing is investors are looking not just at the mood in the industry theres a lot of optimism in the Construction Industry here and services and consumption yes consumption could be better its been looking down a little bit its remains a pillar of the u. S. Economy and dont forget those super low Interest Rates are even lower here in the eurozone than they are in the United States or elsewhere in the world and that helps investors make the decision for alternative investments to leaving the money in the accounts or at least are there for us in frankfurt thank you the european cloud a place to store huge volumes of data while beating the e. U. Strict regulations france and germany wanted it bothers them that Amazon Google microsoft and alibaba dominate the market for Cloud Services and that the u. S. And china have very different approaches to Data Protection the question is if youre capable of creating a cloud without those big tech players. Need a place to put your new construction plans more and more Companies Worldwide are storing files like that in the cloud all kinds of data can be stored there the advantage is that employees can access it from anywhere in the world at the same time anyone can use the cloud to access familiar programs such as word and companies can upgrade to more Storage Space at any time if need be the disadvantage for european Data Protection is that only 4 providers dominate the market just what they saw that american and Chinese Companies have a clear supremacy in the world market it means they have a certain amount of influence over the data and that worries us from a low point of view. Its not so much the economic aspect but simply the fact that these companies can easily exercise control over the data even i. Also. One example is germanys federal police which stores photos and video recordings from their body cams in microsofts cloud american authorities access them because microsoft has to allow that under u. S. Law german or european cloud providers would also like to store the recordings but they didnt stand a chance in the tender. And a bit as a show of course we have a problem if enough already wants to use a Cloud Service but they havent heard of us yet thats happened in the past that we werent even noticed at all and we have to change that we take the hit and run germany wants to promote a european cloud alternative by encouraging smaller european providers to cooperate that process would be supported by things like government contracts but the question is whether European Companies will make the needed investments after all the big 4 cloud providers are still technically superior. But in boston. We can already cover 80 percent of the requirements necessary for basic technologies and we think thats enough to be able to compete on a global scale but when it comes to total detail applications Artificial Intelligence and so on we have to be honest were lagging far behind it. The big 4 suppliers plead innocence they stress that anyone who encrypts their data in the cloud is safe from data misuse something that no one can really verify. Earlier this year the United States announced plans to impose a 25 percent tariff on a range of e. U. Goods the move was a response to a World Trade Organization ruling which found that the e. U. Had been illegally subsidizing aviation giant air bus among the products affected is scottish whisky. So. There are Many American tourists visiting scotland a whisky tasting is the quintessential experience for scottish distilleries the u. S. Is a lucrative market accounting for more than 10 percent of global export volumes for them the tariffs couldnt have come at a worse time. We had agreed in principle to go into 23. 00 states and 200. 00 Stores Across those states with a large retailer in in the us 12 hours later and we woke up to a 25 percent tariff on. So that has part i hear huge clouds over our discussions on our plans to launch in the u. S. The Scottish Whisky Association says the impact can be estimated based on whats happened to american bourbon whiskey imports to europe what were expecting is around 20 percent drop in the sales of single malts in the u. S. You know we have the example of of the u. S. Whiskey being shipped to europe which has been under 25 percent tariff so that all states and the american whiskey industry has brutally experienced a 20 percent drop in sales in europe with that level of tires that says that small distilleries will take the biggest hit because their lower volumes mean they already have to charge a premium price the tariffs combined with brets its effects on access to the European Market are expected to be a major setback for distillers threatening some of the 11000. 00 jobs in the industry. And thats it for me and the Business Team here in berlin im sitting there as always thanks watching. Africa. Research project climate protection students from 20 countries involved in a scientific expedition the teacher how to collect samples from to devise for the same time in the good sense of the standards of the projects will help them to spread environmental awareness because. Really wants to share that theres a lot that we can go for go. On. People. In the right of climate change. For most of. Whats in store. For the future. For major cities. In such. A culture. Hello and welcome to a new edition of africa wrote you by did a beauty in germany n. T. V. In uganda and channels t. V. In nigeria i am saundra to no good reporting from kampala here in uganda and of course with me is my charming colleague nia to in nigeria hello everybody im male taibbi and greetings from this part of the world or the
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