tv Feeding The Billions Al Jazeera June 11, 2019 1:32am-2:01am +03
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these are 2 very important points. the truth be defended another big issue for the u.s. of course is the chinese tech giant walk away do you think european companies can benefit from while waistband let's go beyond the world. where they were always just only the tip of the iceberg i are just all natural numbers. which has been recently published research and development investment in china reached 1.76 trillion rim is the 2nd spending in the word the number of patents reached in china 138200000 patents ranking number one in the world what i want to say that i think that these
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a debate. is beyond the one single company. china. 6 months ago few months ago already started the research for 60 saw we are in front of us. a big challenge and we have to understand what the matter today is less trade and more technology and here i say i like to say that the new land is the konar logy so what can the e.u. and china do collectively could they could they use an alternative currency to the dollar to trade for example to to get around the sanctions in the tariffs. no i think of that from my point of view for civilian on that. kaname and then justice system of europe and china are very complex complimentary what is important today for you our power to keep. our leadership and in the
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global regulation which we know for many sectors is very important i think what we should do is basically to thinks is accelerate the internal market we need a real european internal market because if we create. and we do we do progress in have a real internal market that this will be very important for europe at the same time also increasing the investment on the on research and development how in your view then is is trade changing and how is this change affecting china the u.s. and europe we should consider trade as evolving today goods less importance than services and we know that the value added is the focus
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is mainly in the services not any more in the goods and obviously here there is a risk because if kountry like the u.s. and other industry allies kountry they try to do everything in their own country what will happen to the magic country what other counties europe and and the us. will do. i think is important other hand as i said the reality is that the services are. more and more important and the new the new game is more linked to the technology and the digital transformation the capacity to invest in research and because technology is all sorts changing the trade that is also changing the entirety of the system all logistical transportation and industrial
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production good to speak with luigi gambardella thanks for being with us thank you very much. now in the end it wasn't to be feared cries less ambitious $35000000000.00 plan to merge with france's rana the combination would have created a 3rd biggest automaker but the cost in jobs was probably too much for politicians to stomach we'll get more in a moment with our guest as the car industry goes through a difficult transformation consumers are changing their buying habits and governments are clamping down on emissions but 1st are some a binge of a report from turin the heart of italy's motor valley and the home to fear it. almost every car enthusiast in italy has a connection to. the automobile or fia. the car manufacturer is now free at chrysler automobiles but still one of the biggest employers in turin italy
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automotive hub they are the same. way a. former colleagues to fight for their rights and thousands of other workers in the diminishing auto industry here chrysler has temporarily read off more than half its workforce at this plant for what it calls more than. they work very little and this is very serious it is clearly the result of no longer having the italian automotive industry rather it's become a multinational company. representatives have met unions and say more than $5000000000.00 will be invested over 3 years and there will be a return to full employment this factory was inaugurated in 1939 it has seen the height of its production but since then the company's headquarters have moved to the netherlands its financial headquarters are now in london and the bulk of chrysler's production is done in detroit. once home to tens of thousands of workers
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too in the shadow of its former production of 6000 cars a day jobs the once booming car industry changed talian lifestyles it made them more and more but that's all in the past and more for your future in mind you know it's very difficult to imagine a future for the italian automotive industry because in 20 years the number of workers and the number of cars manufactured has reduced tremendously. it's only so-called mortar value still produces fewer but bigger price tag cars such as mother r.t.l. for romeo ferrari and lamborghini. and some entrepreneurs are using it despite italy's skyrocketing public debt and recession fears. this family owned business which used to make seat belts for passenger cars in both. manufacturer of seats seat belt and motor sport products. founded the company in the 1970 s. but he sees a future only if the government pays attention to it least slowing industrial
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production would just need the government to realise the big challenge that the country and the industry we have nearly 11 percent unemployment marketed tony is part of the coalition governments commission for economic development we are nowhere in taxes we are lowering bureaucracy brokers he is the war stacks we haven't eaten in one year it is not sufficient to change it an economy of account 3 because if you. job problem unemployment problem you cannot solve it in one year the real test for europe's 2nd producers will be to endure the economic pressure in the now and industrial rebound we're joining me now from rome is philippe munoz global automotive analyst at j dynamics thanks very much for being with us so what went wrong in the end why did this merger not go ahead. well 1st of all i think the story hasn't finished yet because. neither
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f.c.a. nor barry know they have a plan b. so maybe that withdrawal is part of the game i mean we have to remember that both groups together would in only become the 3rd largest car maker but they would become the world's largest s.u.v. make up with almost $2900000.00 units sold last year according to our data so that means they would become the leader in the only driver of growth in that it's remaining in europe usa and china. however i think this trunk presence of the governments is had had a big thing to do with this with this and i mean especially in south or in europe the governments instead of enabling enabling business they are making things more difficult to these kinds of operations finally i think
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a rhino my fees in this measure proposal to send a message to nice and was been a partner for 20 years and which should be your natural partner to mess with. are you talking there about the government involvement but however way you look at this the political cost would have been too great wouldn't jobs jobs would have to go because we're producing too many cars and we well yes i mean i think however that in any in any marriage are the main reason of any mail is to save cut save money and reduce costs in the case of f.c.a. and our. talent american maker would benefit from renault know how making the electric vehicles and the french side would benefit from the strong presence of his ca in north america. the costs related to these of course there are
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costs but i think there are more bend the benefits than disadvantages and at the end it's it's up to demp to decide whether to go on or not i mean. when with when we see all these and when you see that the growth is slowing down and actually in the 1st quarter of this year. vehicle sales fell by 11 percent in china and 4 percent in the u.s. and europe you need to find other solutions to keep profits and the best way is by doing these kinds of operations so how habits changing and i mean why why are people putting off buying cars. well many things are involved i mean as cities get more crowded and public transportation is improving many people are just getting rid of their cars or are just not using them because a car is becoming more a problem than a solution in cities like romnick new york and so people are not buying cars
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anymore this is especially the trend among young people and and also we must consider that communication and working abbots are changing so people are working from home so they don't need to move to move around as much so has the industry been too slow to respond to these changes do you think yes absolutely they industry the car industry is extremely slow when taking the stations because it's it's very expensive it's a huge industry and the most important because it's vital in many economies so every time a big thing like this happens local authorities want to get involved ready and these makes things more difficult as i said before politics and business are of nor are are not always a good merit so they industries moving very slow just to give you an example in the
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in the electric vehicle market com so it seems that countermeasures are moving faster than our all to make is i mean you find very long waiting lists for electric cars they offer still very limited so many consumers are just not they don't want to wait and they move to other kind of solutions automakers are also spending tens of $1000000000.00 of on electric cars that too is going to lead to job losses as well isn't that what he thinks going to happen there. i mean i think electrification is not really the threat i mean i mean there according to our data these the sales of electric cars last year total $2000000.00 units which is not in compared to the almost 95000000 vehicle sold globally but it's a lot when you compare the sales in 5 years ago when when the industry sold 175000 units so i don't think the threat is electrification but what i think the big
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challenge for the industry is the way how. are going to use own cars if the ownership changes that's going to mean. fewer cars on the streets and that's going to be a big challenge for companies running big plants all right philippe munoz thanks for being with us thank you and that is our show for this week remember you can get in touch with us by tweeting me at has and to use the hash tag a.j. c.t.c. when you do or drop us an e-mail counting the cost that i just you know dot net is our address and as always there's lots more for you online at al jazeera dot com slash c t c take you straight to our page which has individual sports links and entire episodes for you to catch up on. so that is it for this edition of counting the cost and has a secret from the whole team here thanks for joining us the news on al-jazeera is
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next. we're making millions per month off for something taxes a little. more than 10 years after the global financial crisis millions of dollars a year it's like the greatest job you could ever imagine getting without putting any of your own capital would risk who was in the store and drove millions of workers into unemployment i said earlier we need to move be able to find the interest in the men who stole the world coming soon.
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to. the foreign ministry. we have a newsgathering team here that is 2nd to none and they're all over the world and they do a fantastic job when information is coming in very quickly all at once you've got to be able to react to all of the changes and al-jazeera we adapt to them. my job is is to break it all down and we held the view on the stand and make sense of it. ready his drinks contained. ready
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in a nice. but for a select few. as the building blocks of a better life. ready and the stepping stones to owning a family. do you find that a lot in america is in bolivia and downloads into the wilds of. iran tells the visiting german foreign minister that europe needs to help it avoid a new u.s. sanctions. are watching all just 0 life from a headquarters and. also
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a heads 3 prominent figures in the protest movement in sudan are deported to neighboring seltzer don. a day after a 1000000 protesters take to hong kong streets the territories leader says she'll move ahead with a new planned extradition law. and pakistan's former president asif ali zardari is arrested on corruption charges. hello germany's foreign minister is in iran looking for ways to preserve the nuclear deal. that european financial system designed to avoid u.s. sanctions should be up and running soon you along with the rest of the signatories to the 2015 agreements are standing by it's off to the u.s. withdrew last year. germany's foreign minister said european powers are doing their best to keep the deal alive. there's
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a serious situation in the region as collation of tension is becoming uncontrollable the military action wouldn't be in line with the interests of any party i have spoken with all the parties in my regional visit and no one has called for an escalation of tensions that's a message i'm convened from the region that we had intensive talk today on the nuclear deal germany france and britain call for supporting the deal and we are fulfilling our commitments we can do any miracle in this regard but we are doing our utmost efforts to prevent the failure of the deal iran's foreign minister says his country has never broken the promises made under the nuclear deal. to. the united states has declared economic war against iran this war is very dangerous for the region and the international order the measures taken by the u.s. after its weeks roll from the deal for us mean targeting the reigning nation iran
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has proven that it hears 2 international commitments 15 reports prove this reality but iran is also obligated to defend the rights of the iranian nation thorson jabari has more from to run. the iranian foreign minister held a 2 hour meeting with his german counterpart in what is known as the hall of mirrors in the foreign ministry in the capital on monday the 2 discussed various issues but at the core of it was the future of the nuclear agreement between iran and the international community now the german foreign minister said that the country is very concerned about escalation in this region between iran and the united states and also the future of this agreement is something the iranians want to see the european union uphold it the iranian foreign minister said that they have to make good on their promises and that the future of any other dialogue and discussions about iran's various programs such as the ballistic missile program
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depends on how this nuclear agreement goes forward meanwhile the u.n. has confirmed that iran's production of enriched uranium is increasing to one had said it would do this if progress wasn't made on lifting sanctions the head of the u.n. nuclear agency said it's not clear whether the enrichment had reached levels that violates the agreement. prefer not to mention the specifics. due to frustration but i can see the piece of production increased. accordance with the latest measurement side jawad is a member of the research committee at the london school of economics middle east center he says iran believes it has valid reasons to withdraw from the deal. there are 2 reasons again for the iran to refuse this agreement or the solution 1st one is that iran things that because the european union's were signature reason for the
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agreement the 22015 agreement that they should do everything in their power to erase all the sanctions or the all of the new sanctions imposed by the united states or at least of all with them or neglect them because they are signatories and that iran is not has not harmed or went against the agreement or did anything to a 2 to 2 against their agreement the 2nd thing is that the iran things depending on the old experience of such a such a plan which was done with iraq after the invasion of kuwait this this plan was kept on iraq and kept the sanctions kept on iraq without any change in the middle of that the iranian kids have suffered a lot because the committee is supervising this agreement. a lot of things from being a sport exported to iraq on the execute these materials could be used for.
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weapons of mass destructions so in the end this fund this fund. culminated about $23000000000.00 in the on the iraq but they were frozen by the united states sudanese opposition leader yasser armand says he's been forcibly removed from hard to move to the south sudanese capital juba he's one of 3 opposition leaders arrested over the weekend that have been released according to sudanese state television armand's tweeted i have been deported against my will by a military helicopter from hard to into juba i was not a foot aware of where they were taking me i asked them many times they tied me up in the helicopter together with comrade to smile and mubarak our goal well the arrests came after opposition members met the if you have been prime minister abu ahmed on friday he's trying to mediate between the military gentile and the
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opposition and sudan's military has ordered more troops onto the streets as a general strike enters a 2nd day opposition activists have called for an indefinite campaign of civil disobedience until the gentle hands power to a civilian government al-jazeera has spoken to a representative of the military joins our who said they're investigating the crackdown on protestors last week that left dozens dead. you know we had a plan to disperse the columbia area and this was the will of people and this was even agreed on by the declaration of freedom and change the plan was to disperse the area and clean it up without getting close to the main sit in area but mistakes were made when the plan was carried out and that's what led to the situation let's just take into consideration that our forces never got deep into the sitting area after that mistakes were made the military council formed a committee to investigate the violations. showdown is looming over hong kong's plan for a controversial new extradition law chief executive kerry says she won't be swayed
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by massive sunday protests and she's got the backing of beijing but protest leaders are calling people to take to the streets again sarah clarke reports from hong kong . they came and they marched more than 1000000 people crammed hong kong streets. protesters were united in their anger over the proposed extradition laws that could see fugitives here sent to mainland china for child. despite the size of this turn up the city's chief executive says the planned rule of change will not be scrapped we will continue to do the communication and explanation there is fear in the 2 america to be gaining a tool of delaying the bill it will just cause more inside and divison is in society opposition centers on suspicion that fugitives extradited from hong kong won't get a fair trial in mainland china human rights groups are leading the tempo and the pro-democracy legislators want the bill show it now carried limas certainly
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incredible any leader with the right mind facing a protest involving more than 1000000 people with metro they have agreed think over the issue but the city's chief executive says the government is duty bound to push ahead it's been fast tracked through the legislative council but the government hoping for a vote before the end of the month this is a very important piece of legislation that will help she will uphold justice and also ensure that hong kong will fulfill the international obligation interim soft cross boundaries and transnational crimes. but it's reignited anger in hong kong sunday's largely peaceful rally ended in ballance and police tried to place protesters outside government headquarters a few 100 of those demonstrating grandma. the berry is into place barricades they retaliated with mortar rounds and pepper spray the drop law will be read a 2nd time in the city's legislative council on wednesday more protests are
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expected from both sides in a city where dipping divisions refuse to subside sarah clarke al-jazeera hong kong . phasing is accusing outsiders of weapon up the protests here as our china correspondent adrian brown well from beijing's perspective hong kong has become a haven for criminals which is why it supports plans for a new extradition bill and on monday the foreign ministry spokesman confirmed that the central government supports kerry lamb's efforts in that regard but also warned of external intervention in hong kong's internal affairs but he wouldn't elaborate on what he meant by that he also appeared to dispute the figure that more than a 1000000 people took part in sunday's rally and protest saying he preferred to believe the figure of the hong kong government that no more than 240000 people had participated but the message he wanted to get over again and again was that beijing
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supports kerry. firstly the central government will continue to firmly support the government of the hong kong special administrative region to push forward the amendments of the extradition bill secondly china is strongly opposed to any external interventions in hong kong's legislative affairs state controlled media has largely ignored the events in hong kong but the china daily newspaper which tends to reflect government thinking carried an editorial on monday which blamed foreign forces for what it called the chaos in hong kong saying the people of hong kong had been hoodwinked the foreign ministry spokesman also had another message he said that hong kong's freedoms would continue to be protected by china. emily lau is the former chairwoman of the democratic party and spent 25 years in the legislative council she's calling on the international community to continue exerting pressure on the hong kong government. the city is split asunder
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there are those who are on the side of beijing willingly or unwillingly but there are many who are terrified of you know the chinese legal system coming into hong kong and as you can see more than a 1000000 people march yesterday very peacefully there were those who were very rich and very poor very old and very young and they were all united by their fear of the chinese communist party and the chinese legal system coming into hong kong it will be like a truck driving through picking up making a big hole in one country 2 systems then we will be crushed we will have one country one system human rights transcend national boundaries anybody anywhere have a right to speak out when they see human rights problems existing so i don't i don't care i mean ok they can come on the rest of us but we have to continue to.
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