Tech hub San Francisco bans facial Recognition Technology saying it wants to create a secure state not a Security State that alone is unlikely to stop the technologys commercial development where many see advantages. Also on the show the u. S. Holds off on even more tariffs this time against overseas carmakers so should volkswagen and honda breathe a sigh of relief. And american lawmakers want to know why the 737 max sailed through certification despite issues now being connected to 2 fatal crashes well give you the details. Welcome to your business im Stephen Beers in berlin thanks for joining us before we get to those stories some Breaking News 1st u. S. President donald trump declaring a National Emergency that is widely expected to pave the way for his prohibition of chinese Telecoms Giant while way from the u. S. Market the order is designed to formally protect u. S. Networks from Foreign Espionage but is widely seen as a path to excluding the Telecoms Giant from the u. S. Market the u. S. Already barred Government Agencies from using while way products. Now tech savvy San Francisco of all places is banning facial Recognition Technology the new measure will make the bay city the 1st in the u. S. To prohibit local Government Agencies from obtaining retaining accessing or using the surveillance but it doesnt limit commercial applications take a look. San francisco home to many of the worlds tech planers is blazing a new path. Its restricting the use of facial Recognition Technology by the local government. Its psychologically unhealthy when people know theyre being watching every aspect of the public realm out on the streets in parks thats not the kind of city our lives give this as the difference whether the technology
can still be used by the Us Federal Government and private businesses in San Francisco but. Facial Recognition Technology is already in use the world over at airports and social media at Sporting Events and even in smartphones. Big players like Amazon Facebook and i. B. M. Make billions helping both private companies and governments utilize their software to 4000000000. 00 industries expected to quadruple in size over the next decade. Here in berlin the German Government has started experimenting with the technology of public Train Stations after a Terror Attack at a Christmas Market in 2016. And Companies Maintain facial Recognition Software can improve consumers lives. Like at this market in china where cameras automatically identify consumers and charge purchases to their account. For exactly how as the critics of the Technology Say chinas extensive use of facial Identification Software should serve as
a cautionary tale the countrys camera Surveillance Systems tracked millions of its citizens automatically. The government has even outfitted taxis with cameras that automatically identify passengers and log their trips in a central register officially its to improve Consumer Safety however critics warn such uses are an invitation to government abuse. And lets go now to our financial correspondent in new york. The ins what is the commercial market for facial Recognition Technology in the u. S. Well if you look at old believe there are expectations that the market could grow a roughly 10000000000. 00 a year risen 2022 and to well if we look at the recent developments on one side those. Municipal departments and the local police force are a big customers on one side some on the other side you do have Companies Like amazon
or facebook who also use some face still facial recognition and i do not believe that thats going to change anytime soon just look at all the recent developments and yes theres a big debate on private security and such but at the end of the day customers often just look at convenience so in the next couple of days we will have more local authorities making probably similar decisions what weve seen in San Francisco but thats probably not going to stop the rise of facial recognition i have to ask you about car tariffs the u. S. Saying today that it will postpone a decision on whether to raise Import Tariffs on foreign cars 6 months 6 month delay rather is a relief of course for all of It Automakers in europe and japan particular who feared a 25 percent tax President Trump has dangled new tariffs of course as the u. S. Negotiates trade deals with japan and the European Union so yes wall street i
gather was pretty happy to get this news today wasnt it. You you could certainly say so we started the day on the downside and then when news broke that the us president is probably not going to impose those tariffs anytime soon we saw a huge turnaround in the markets we also by the way had us Common Effect there is a trading to the upside but also if you look at the broader scheme of things it might show that us president to donald trump has learned a lesson specially after this huge market drop on monday that deescalation was all those Trade Tensions actually might be good for the markets and therefore also good for u. S. President donald trump who defied some sell for quite a bit it was the performance of wall street. Corner with the latest from new york thank you and staying in the u. S. The american aviation regulator the f. A. A. Is on the hot seat for its role in the certification of Boeing 737 Max and by what critics say was a delayed decision to ground that Plane Following 2 deadly crashes u. S. Lawmakers today grilled the head of the f. A. A. On both issues focusing in on why the regulator allowed boeing itself to inspect certain aspects of the new Airframe Scrutiny comes after new revelations that the manufacturer ignored Pilot Concerns about the aircraft. During the 2 hour hearing before the house Aviation Panel it became clear that although regulators had considered grounding the 737. 00 mix after the 1st Fatal Accident you know excitable last year they failed to act lawmakers pressed no will on the federal Aviation Authorities Reliance On Boeing employees during the Plane Certification really stories weve heard about the process of certification so far are troubling. The Guiding Principle of the f. A. A. And manufacturers must be safety not getting
a highly valued plane out more quickly investigators have zeroed in on the planes and the stall system as the cause of the lion air crash in october and the Ethiopian Airlines disaster in march that together killed 346. 00 people last year inspectors with the federal Aviation Administration discovered that the manufacturer had deactivated a signal designed to advise the pilots of a Mill Function in the system will fend it off criticism that the if a waited too long to ground the planes the f. A. A. Was just too cozy with bombing you were in bed with those that you were supposed to be regulating and that mom put 737. 00 max planes around the world remained on the ground until the investigations are complete and thats likely to take many months. Or so the e. U. Its a special kind of anniversary for portugal 7 years ago today eurozone leaders agreed
on a 78000000000 Euro bailout of the countrys economy portugal had been hit hard by the Eurozone Debt Crisis but its economy is now back on track thanks to a string of reforms and foreign investment. It takes a little patients but if you take the time you can catch the perfect wave here in nazareth of all places one and a half hours drive north of lisbon. Over in the towns park theres a Party Nurseries mayor is convinced that things have improved enormously since the socialists came to power but his party has shielded people from the worst effects of the crisis. Ellis falsified here were in a completely different situation to say the one i mean greece the government is showing the people that there are alternatives to the Austerity Packages of the International Monetary fund and waves of privatization just because. It was this
factory processes lovely grown apples its a vicious manager wants to see has dried fruit on shelves throughout europe the Export Business is running well right now low wages are providing the main competitive advantage but small and Midsized Enterprises or as a means say the government should give them more support they say smaller start ups are being strangled by red tape. That was the government should pay more attention to industry and agriculture and it knows that insiders gradually growing that you cant simply rely entirely on tourism and the Real Estate Business is going to think you know what was up. South of nurse or a a string of exclusive golf resorts stretches out along the coast. The owners of this one began with a hotel now theyre building 128 small villas on the grounds an exclusive
attraction for french german all scandinavian investors of my from. Our european friends are our best customers and theyve only just begun to discover portugal but i dont know i think theres enough potential in this market for years to come because. Without a doubt tourism in real estate the mainstays of portugals economy right now but theres a lot of controversy about just how much the average citizen benefits from them unions are constantly hearing about bad working conditions and low pay so. I earn a bit over 600. 00 euros plus lunch money thats not much when you consider that tourists spend a lot here on the buses could easily share a bit more of it around. Thats what the socialists think as Well Something which could give them an election win this year they just have to approach it like the surfers catch the perfect wave and ride it as long as
it rolls. And thats it from me in the business. These and other Business Stories find us online in. Business. Thanks for watching. Shifting powers the old order is history the world is reorganizing itself and the medias role is keep the topic in focus of a Global Media Forum 20000000 Change Today One Out of 2 people is online who are we following them do we trust to beijing shape the future at the georgia dome or global media for trying to change. What secrets lie behind these most soon find out in an immersive experience and explore a fascinating and Cultural Heritage sites. W. World heritage 360 get the memo on whats the connection between bread but home and the European Union he knows guild motto e. W. Correspondent alan baker can stretch this 2nd line to the luhansk step by the
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