Of punishment for initially withholding it. Saudi arabia is set to walk a tightrope over oil prices in vienna as opec ministers gather for a summit in the austrian capital riyadh will have to work out how to cut production and keep the u. S. President on side also coming up welcome to sharons end of the city in china where big brother is watching thanks to weak Data Protection laws and unfettered Artificial Intelligence and trouble in uganda the army is called in to protect chinese businesses who say theyre being targeted by local criminals. This is your Business Update on having a home free in berlin glad you could join me ministers from opec member nations are gathering in vienna are ahead of a key meeting on the oil cartel on thursday most produces a that they agree on the need for
a cut in Oil Production without explaining how theyll turn that desire into a reality then theres the question of saudi arabia taking to twitter donald trump has urged saudi arabia to refrain from output cuts in order to keep Gasoline Prices low for us consume that saudi Policy Makers may be reluctant to go against him off of the murder. And it unleashed a fuse a lot of criticism from american lawmakers leaving the president as one of prince mohammeds few remaining allies in washington right through drivers but countries relying on oil exports to finance their economies on top be about current price levels for the last three months has been heading steadily downhill for the start of october a barrel of north sea brant crude stood at a respectable eighty six dollars. By the end of november it was struggling at Fifty Seven Dollars though it stabilized for now at sixty thats causing Oil Producers a lot of financial problems so much so that the organization of petroleum exporting
countries has put Production Cuts high on the agenda of its latest vienna meeting. We have if you. Want to see where you. Should be. Able. To see. Economics one zero one if output and supply falls prices rise the u. S. Is by far the Worlds Largest oil producer at fourteen percent of output russia is the second largest candidate is way behind all three are not opec members uniting fifteen countries opec is responsible for forty two percent of global Oil Production giving it the main sway over pricing the organization is most important Single Member is saudi arabia which alone pumps thirteen percent of the worlds crude supply but not everybody is happy about the idea of falling supply and rising prices least of all us President Donald Trump he appealed to opec on twitter not to
cut output at the same time though nano tech member russia said its ready to implement output cuts as has opec heavyweights saudi arabia the talk in vienna is of a one percent production cut. Germanys likely to lose more than One Hundred Thousand jobs as the Car Industry Shifts to Electric Mobility that is the sobering him of a massive study looking at how the adoption of electric cars could affect germanys job market the lost positions would likely ration factory jobs to highly paid Design Engineering business sions but the experts from the institute for Employment Research say that the german car industry could avoid the losses if we doubled its assets to embrace Electric Mobility. The Hamburger Port has joined forces with hyperloop Transportation Technologies to companies aim to develop and build the futuristic Transportation Technology not for people but for cargo germanys
largest cargo hop sends and receives over Eight Million containers a year most of which reach the port by truck the hyperloop plans offer a network of low pressure chips that allow the containers to travel at high speed without Clogging Up Streets leading to higher efficiency and a smaller Carbon Footprint the Joint Venture calls the installation of a test tube and development of a standardized carrier. When it comes to the use of Artificial Intelligence or ai china is surging ahead investment in the sector growing from one hundred seventy Million Dollars to hit over one point Three Billion dollars within the next two years now it promises to make the country easier to run safer help doctors and patients and control traffic an entire City Administrations some see it as big brother with a Credit System penalizing over awarding citizens based on their behavior sometimes its pretty tricky to draw
a line between the benefits or the threats of Artificial Intelligence systems the in for Vision Start Up In Beijing as at the forefront of a medical revolution its employees use for artificially intelligent algorithms to help doctors identify illnesses like lung cancer more accurately and faster. After studying in the u. S. In for Visions Founder Chen Kwan Made A point of returning to china. I think the lack of good doctors is actually more severe in china i can see there are so many patients in china and we have. A larger and larger demand for medical services beyond medicine china is investing massively in Artificial Intelligence a district in high tech Metropolis Gens then has become the first to install a socalled brain its huge monitor portrays Data Collected from local authority sensors and all public closed Circuit Cameras the administration hopes ai will help
it analyze the flood of data to make the city safer and run more efficiently parliament will done what many believe that the brain helps is to see whats happening in every corner of our district it helps us to judge situations quickly and to react to them is to make peoples lives and work more pleasant than that and. At the touch of a screen the monitors display information about all the districts buildings such as how many people live there and how accessible they are intelligent cameras Sound The Alarm in the event of any emergencies of course theres only a very thin line between running a smart city and wielding totalitarian control Two Hundred Million cameras are said to be monitoring chinas citizens with more being mounted every day and theyre becoming increasingly smart one companies video shows whats already a reality the smart cameras keep tabs on Vehicles Number plates models and colors while tracking them through the city and compiling Movement Profiles citizens can be checked against data banks within seconds suspects identified behind windshields
traffic offenses like not wearing seat belts or using a phone whilst driving are increasingly penalized swiftly and automatically via text message to mobile phone medical companies also profit from a deluge of Health Related data from gigantic hospitals something which companies in many other countries can only dream. Of chen kwon says in for vision takes Data Protection seriously but the rules in china are more relaxed. I think theres actually an advantage for any Ai Development to have easy access to anonymize data i think that will be a very critical factor in the future development of. China aims to be the world leader in Artificial Intelligence by Twenty Thirty and many analysts think thats a likely outcome as well out. To uganda now where tensions have been growing between slowly gand and traders and chinese businesses that are operating in the country now the growing competition has stoked local resentment including protests
in recent years and now ugandan soldiers have been deployed to security gone to chinese businesses in the wake of the spate of robberies. Chinese hotel yeah youve been has lived in uganda for fifteen years been says ugandas government has assured himself to for his business all the time not only that i must i wouldnt promise. You when you effect and i could afford your kind of people. A lot of your kind of people come up and this is me your hair pretty ok develop saw you for true dont really. Buy the factory the safety. But not all the chinese nationals in uganda i like being. The police see that the cases of fifty chinese owned businesses of lately
increased. This is forced ugandas president youre working with seventy two for Military Intervention there have been some threats by criminals or no or no investors this is an acceptable under steps being taken to ensure that. Order investors be local or international are protected. Or chinese friends have raised concerns and. Weve responded to them. With seventy sees the chinese of created many jobs for ugandans and he cannot risk frustrating them im going to have to train and. You should not be the case. To move. For Uganda Rwanda through for them. Over
fifty thousand chinese leaving uganda many are engaged in construction mostly funded by their government others are in trade and manufacturing but have often clashed with low chords especially in running small scale businesses. The Military Deployment is primarily to crack down on robotics but might as well see if the chinese against hostile locals. Facebook has lost its place at the top of a list of the best companies to work for the Social Media Giant fell down to play seven on an annual ranking of jobs website glassdoor the rankings based on several factors including Work Life Balance management pay report comes as facebook continues to face criticism for the way it handles uses stater and deals with the spread of Info Misinformation rather other Tech Companies including google have also fallen down the list since last since this year. Thats it you are today with the latest from the wild all business im going on all free in bondage thanks for joining me and remember this was plenty more on our website of course that is d w Dot Com Slash Business and before you go hes a neck out the World Markets not a sound system are at. Odds. When she sleep waiting. Waiting for a lifeline to syria. Good morning where are you why arent you answering it into every call brings them closer together. Much harder because they feel powerless to help. They worry about the ones theyve left me. With that im trying to be strong for the for the war continues to haunt those who fled from syria. Are on my phone our two part documentary starts december eighth on t w