A financial hole. And south korean Ship Builders are crossing their fingers for new orders of l. In g. Tankers something that would keep their industry afloat and be a positive sign for the global recovery. Welcome to the show im stephen beards in berlin its good to have you with us microsoft is in talks to buy the u. S. Operations of social media platform to talk a development that would prevent a much feared ban of the app by washington of the American Software giant hopes to seal a deal by the middle of september and appears to have a thumbs up for now president donald trump. Today would be unthinkable without microsoft word and excel but so far the worlds leading Software Producer hasnt had a social media hit among young people that however could be about to change. President trump is giving chinese own social me. Platform tick tocks 45 days to sell its u. S. Business a chance for microsoft 2 8 3 2 2 4 8 9. Ticktock is an internationally successful social video platform that allows users to upload edit and mima 5 short clips and watch clips created by others available worldwide its owned by a Chinese Company by dance thats a problem for the u. S. Government trump wants to curb beijings influence in the United States along with other Chinese Companies by dance is under pressure but china isnt backing down or look or you may call on some individuals in the u. S. To listen carefully to the voices of the International Community to provide an open and fair environment for each market and its investments in operations in the u. S. To stop politicizing economic and trade issues to stop abusing the concept of National Security to promote discriminatory policies at the truth. In beijing residents say theyre surprised that an app has been dragged into a fight between politicians. Good advice and that you hear it thinking i think its because the United States china relationship has really deteriorated recently walk. Out now you waited till we use many apps and software is that were developed by the u. S. To take talk has been successfully gaining many users around the world but i didnt expect that due to political reasons this could affect the economy and even at users personally damaging this it will not so far microsoft successful ventures into the world of social media have been limited to linked in platform for career professionals but this deal with tic toc could give microsoft a larger market share with younger millennialism generations ahead with pressure from the u. S. Government on tech talk microsoft says its looking to purchase the American Business operations by september the 15th. All right lets go to new york now and talk to our correspondent there yes quarter good to see you so how close are microsoft and talked to a deal. Well i mean wall street seems to believe very close the stock of microsoft going to a good fight finish off percent year on monday from not mistaken reaching a new all time high and we actually do know quite a bit so far so you already mentioned by september 15th thats when the deal a short or could be done but then there clearly also a couple of open questions and obstacles u. S. President donald trump for example is leaning towards microsoft not just buying the u. S. Operations but chick talk as a whole and that would cost quite some money the valuation for chick talk might be roughly at around 50000000000. 00 so u. S. President donald trump also mentioned on monday that microsoft should pay some money to the treasury he spoke whatever that. Means there are still a couple of open questions but at least im wall street was quite excited about the possibility that this could happen within the next couple of weeks all right trump angling for a finders fee there what are the risks and rewards for microsoft to buying the Fastest Growing social media platform out there right now. Youre starting with the letter you already mentioned it it is the Fastest Growing social Media Company in the world just in the u. S. Roughly 882100 1000000 you were theres worldwide were talking im 800 1000000. 00 sold so that would be appealing to microsoft also has the money of every market capitalization of about 1. 00 and a half a 1000000000. 00 but then on the other side talking social media look what happened to facebook and all the controversies how theyre guarding their content to all of the good to have 1st seen a lot of criticism how they deal received hate speech and such that its something that microsoft would have to deal with and then on top of it Microsoft Might be right in the middle between the 2 superpowers on the world fighting each other not a comfortable place to be or a u. S. Court of their force in new york thank you very much. And lets take a look now some of the other business stories making headlines for americas Oldest Department store lord and taylor has filed for insolvency founded in 824 the retail was already facing hard times due to the rise of Online Shopping and thats despite being purchased by French Company le turret last year even parting with its flagship 11 Story Building in manhattan wasnt enough to stave off the companys collapse. Siemens health nears is looking to boost its business in Cancer Research the german medical tech firm wants to buy u. S. Medical equipment maker ferry and for over 16000000000. 00 the takeover is subject to approval from barry and shareholders and regulators. Lets go to africa now where kenyas Flagship Airline held its 1st International Flight in more than 4 months on saturday as the country eases coronavirus restrictions Kenya Airways estimates the virus will cost of between 40500000000 dollars this year and thats forcing the airlines a lay off hundreds of workers and seek government support. On iran. It was a day of celebration at nairobis Jomo Kenyatta International Airport after 130. 00 days on the ground Kenya Airways is flying again the airline kicked off the restart of International Travel with a flight from nairobi to london we are extremely excited. To start this because its been. Its been a 130 days since we we did these. Airlines are supposed to fly and so were back to business the airline is planning to serve about 30 International Destinations for now the restart also means a restart of tourism in kenya a boost for the struggling economy i think its very important for kenya to want to me to be able to impart force into the country that is really important especially where we live in the coast and realize theres a lot very great for 3 to 10 people. And its not just a boost for the Tourism Sector the planes will also carry flowers meat and seafood from kenya to markets abroad. It is also very important for us to support because the farmers who really need this particularly this started when there was short to go for capacity in addition to that also we know this is really great need in europe for this produce. With losses mounting due to the coronavirus the airline has already laid off more than 600. 00 employees and its due to be read nationalized all this means a return to the air wont be a return to normal for Kenya Airways. Rites of Kenya Airways is flying again but economists around the world are looking for broader global signs of recovery and orders manufacturing shipping in south korea theyre looking to tiny koji island thats a ship building hub and it has reason for optimism a suggestion that more ship orders could soon be on the way our correspondent frank smith has this report. So 3 of ranks is one of the top shipbuilding countries in the world but its a boom and bust industry it takes years for south koreas shipyard hub of to feel new orders benefits. From signing the contract to construction takes a year to year in the hands resulting in a lack of work in the federal government have to manage this problem together to maintain employment and the ongoing viability of the ship building industry here. And maintaining viability has become more difficult as of late south koreas traditional Key Industries textiles steel Auto Electronics and ship building largely depend on Robust International trade what happens here effects the whole country but now because of the coronavirus those industries are particularly at risk with exports declining for 4 consecutive months. But a 19200000000. 00 agreement for south koreas major shipbuilders for up to 100. 00 l. And g. Carriers for qatar brings high hopes to the country shipyards with 200000 south koreans generating 2 percent of g. D. P. Building ships one massive contract can make a huge difference. Its not daunted im as it seems and i think been working at the shipyard for over 10 years and the industry has never been as bad as it is now and its unlikely that the economy will recover for a long time unless these orders are finalized he is entitled to get and its uncertain now how many ships will actually be built as the june 2nd qatar deal only reserves capacity at shipyards through 2027 still industry insiders are optimistic. Pex it could still get to the shipyard slot contracts will be a great help to the korean ship building industry with john de heavy and samsung are expected to benefit greatly from this l. And g. Carrier order and workers likely wont have to worry about their jobs and tools will help qatars also reserve the construction capacity with other top shipyards not just in south korea where all it ships will finally end up being built is unclear. And thats it for me and the Business Team here in berlin as always you can find out more about these and other business stories online at d w dot com slash business im Stephen Beardsley thanks for joining us. On a new era has become. The fire. Believe me the fame holmes has. Places such as the flames that consume forests and entire residential areas from. Rising temperatures water shortages claims clearance theres an abundance of flammable material once again to. Stop the fires. The moves going up against the conflagration the world on fire starts aug 12th w. 6. To go beyond the obvious. To me. Live. As we take on the world. Were all about the stories that matter to you and. What ever is. Running out. In the. W made for mines. A meal time to complete the 2nd season of only good. Things about the environment its still about society its still about little planets on the brink we spoke to several leading experts in the field. To get just the only real sense of. Welcome to arts and culture weve been away for a few months but were very glad to be back on air and today were going to sulzberger for an experiment of operatic proportions the salzburg festival is 100th edition got underway this week and this spite the pandemic so can it be done the culture world is on the edge of its seat. And also coming up on arts and culture artists and some key for a symbolic poetic approach to confronting the dark chapters of german history. And when high fashion doesnt sell designer duran line take puts the clothing industrys cast offs back on the runway. 1st though what last year might have been artistically daring is this year actually potentially dangerous operas plays and concerts performed in front of a Live Audience for a month in the middle of a pandemic well in its 100 year history the salzburg festival in austria has only had to cancel one time and that was during world war 2 this year organizers are determined to stay open. On stage everything is that should pay thats cause you can too
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