Skip to main content

tv   Business - News  Deutsche Welle  October 16, 2017 7:15pm-7:29pm CEST

7:15 pm
it's measurement just to make the technology work absolutely incredible stuff and stephen's part we thank you so much for joining us this afternoon to tell us a little bit more about this and why it is such a significant thing that you and your team have witnessed there we appreciate it thank you. a quick reminder now the top stories we have been following for you here at the w. there have been celebrations in kirkuk as iraqi forces move into the kurdish city it's a move that could transform the balance of power in iraq reports saying that thousands of kurds have pledged to the city. you're up to date after a short break it is business with ben physical and the sea with him and. the whole d w o m one. a w made for mines. when the history books are brought to life. maybe the stories they're in will get
7:16 pm
a rewrite. of the story of the russian revolution. from the perspective of writers thinkers artists. what did it feel like to live in times over the revolution people. to the russian or revolutionary. nineteen seventeen to really starting october twenty fifth on t w. i've. had a lot of remains at loggerheads with the spanish government over independence the catalan leader calls for lengthy talks with madrid stringing out the political uncertainty will business. investors fret over turkey's economic future while
7:17 pm
leaders insist on the country's financial resilience and harvey weinstein sex scandal could see the famed studio sold off. i've been physical and let's do business. catalan leader. has sidestepped a deadline for independence the regional leader has instead asked for two months of talks with spanish prime minister mario and over one hundred a letter to draft choice was made public today stating pelosi has parliament has a democratic mandate to break away from spain but madrid has declined the catalan leader's request for talks insisting the regional leader has until thursday to say whether catalonia has declared independence or not. this is spain's worst political crisis in decades ok for business investors are faced with another week of uncertainty and that could turn into two more months of not knowing what's going on if it's his way many businesses have had already enough forty four major companies
7:18 pm
have moved their headquarters out of catalonia since the referendum most of them to madrid. in osa. next and catalonia colonia all listed on spain's main stock index the ibex also go to the big banks headquartered in valencia some a day in a country in fact only one i've actually stood firm drugmaker. is still in catalonia the company's leaving account for one hundred fifty thousand jobs and a combined net profit of over eight billion euros and all this comes as a total surprise to many in catalonia. it sounded so good spain's economically strongest region freed from any financial commitment to the rest of the country the downsides not according to those who spearheaded the independence
7:19 pm
movement. there is so much for your so much fear and they are saying the banks would leave it alone no banks will leave catalonia do you think they will leave and of course they won't but they will stay they will stay here not to help us but because it is in their own interest we know that much. the last three years now i got a dark. room and. turns out the banks aren't staying there among forty four companies that have moved away since the referendum over two thousand smaller ones had already left over the past two years for good reason says joseph. he runs a bakery chain and serves as president of the casa loney and business association.
7:20 pm
it would effect when companies it would mean a loss of markets. is made up of the twenty seven nations to which we set out i mean that was we get big issues with orders systems and taxes we will lose competitive in us. you know so you must come but it will. being locked out of the e.u. would be a problem for the baker and maybe more so for the banker kaiser bank one of the country's big four announced its move to valencia only days after the referendum desperate to calm clients into the business so far were calm but as soon as we perceive any kind of uncertainty for you maybe we will get our money out of there. she said the system doesn't inspire confidence in me so that's why i decided to withdraw all my savings. tension mines many fear a piece of scenes like these in barcelona last week the prospect of big businesses
7:21 pm
leaving has left some catalans ready to follow the big corporations and move away from home. i asked our financial correspondent frank about the risk of contagion for the year also. you're right then and on the markets and among experts the first talk of contagion can be heard marist obst felt for example the chief economist of the international monetary fund has warned that the longer the escalation goes on between barcelona and madrid the more likely it is to have a negative impact on other countries in europe but i think what's been happening in catalonia and spain since the referendum also has the potential to release scare off some of the secessionists not only the forty four major companies you just told us about left catalonia after the referendum happened but also around about five hundred smaller companies this enormous exodus of economic power out of catalonia
7:22 pm
might cause some of those signet secessionists in catalonia to think again and would you say that's why mark the shrugging off the political risk because there's there's so much political risk right now not just in spain and it doesn't really seem to matter which country it is or which region the markets just shrug it off. that's one reason many people in business think that all this political uncertainty makes the case for unity makes a strong case for the eurozone and the european union to stay together with all the flaws that we continuously have been talking about another reason is that the economic and business numbers remain strong the international monetary fund just increased its global growth forecast for this year and for next year and many businesses have reported strong earnings and i expected to continuously report
7:23 pm
strong earnings this week we'll get quarterly earnings reports from a huge amount of companies including s.a.p and diner and the upbeat mood on the market seems to indicate that investors are bracing for positive use their color goes in in frankfurt for us thank you very much. turkish leaders maintain their economy is resilient and is doing quite well without the european union still constant diplomatic tassels and legal uncertainty are unsettling investors became clear how nervous financial markets were when the u.s. recently stopped issuing visas following the arrest of an american consulate worker in turkey the balsa stock index fell by more than four and a half percent the turkish lira has been under pressure for some time last year a thousand lire worth thirty euro cents well that's a mouthful and to get you twenty three cents now many turks are feeling the pinch the cost of living is up inflation was in the double digits last month hitting
7:24 pm
eleven point two percent on top of that turkey has a high level of foreign debt and gene is from the evil institute for economic research in munich we asked him to comment on president recha tire pedal once assertion that his country doesn't need the e.u. . well you know there it's understandable that there is a desire for foreign direct investment because what you see in the statistics is the long term investment new investment is no longer taking place there is a strong decrease in foreign direct investment inflows and the reason is again political uncertainty and you can declare on the one side that you are going to make history for instance and support foreigners but then on the other hand making the strong statement that turkey does not need europe or visa confrontation with the usa it's simply not creating confidence confidence creation is a core issue which turkey should follow. the weinstein company says it's and were
7:25 pm
talks to sell the bulk of its assets to private equity firm called capital the film production house is in damage control after firing co-founder weinstein there widespread accusations essentially harassed or sold to the number of women a past thirty years and immediate cash infusion from colony car auctions going to hear. let's talk about the dark side of hollywood with current culture first of all the effect on the madness business that hollywood has become. yeah the effect well that's that's always an interesting matter of conjecture i mean there are a number of people in the industry who are calling this a watershed moment for sure and there are people who are saying that this will have to change things that cannot go on business as usual there are a couple of implications i think sort of for the business in general i mean obviously firstly that women are now feeling empowered to organize themselves and
7:26 pm
hopefully create some some. momentum and power together to actually stand up to in a very my sergeant stick system and create some change it's also a signal of course to a lot of others a weinstein ilk. that things obviously aren't going to continue for them either without people getting them in trouble but secondly i think the culture of discrimination. and harassment and abuse i mean obviously it isn't just confined to film film has an entire chain of supply or or business activities everybody is hurting as a result of this and everybody is compromised and so many businesses a bailing on this company are absolutely the tarnish effect is huge why are we hearing about all of this media and i also believe that it isn't only going to be coming forward i think we'll have a very wide spectrum can have said thank you very much for culture nice doing business with you.
7:27 pm
it's all while. do they do that we can do that with swaggering suit wearing swimmers. and fickle frequent flyers. can species endangered in germany be reintroduced it's hope that the marsh britta larry and the vulture will make a comeback but isn't that easy. to morrow to do next . forty million people in east africa threatened by starvation what are the causes of the situation. we focus on five specific problem areas. this huge journalistic project tries to
7:28 pm
find the answers why africa goes hungry our topic this week on d w news online hijacking the news. where i come from the news is being hijacked journalism itself has become a scripted reality show it's not just good versus evil us versus them black and white. in countries like russia china turkey people are told it's that simple and if you're a journalist there and you try to get beyond that you are facing scare tactics intimidation. and i wonder is that where we're headed is well. my responsibility as a journalist is to get beyond the smoke and mirrors it's not just about being fair and balanced or being neutral it's about being truthful. when he was born gough and i were good enough.
7:29 pm
welcome to tomorrow today the science show. coming up. how scientists are developing a robot to harvest fruits and vegetables.

26 Views

info Stream Only

Uploaded by TV Archive on