Skip to main content

tv   Business - News  Deutsche Welle  November 14, 2017 12:15pm-12:31pm CET

12:15 pm
the same with them and he waves the us really good bye with an early but there after the match the italian football team's official twitter account quoted retiring goalkeeper john ngugi before i'm not sorry for myself but for the entire italian football and there are other reasons for it to be sad this german politician writes a world cup without italy is a loss because of this tile. coming up with grandiose dollars helena humphrey with the business news just coming up shortly save the date of videos. with the different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of voice global news that matters to w.
12:16 pm
made for minds. it's all about moments that. it's all about the storms in so. it's all about george chance to discover the world from different perspectives. join us and inspired by distinctive instagram others at g.w. story topic each week on instagram. at. growing strong the german economy continues its expansion over the last quarter so can the stellar performance last across live to our financial correspondent and frank that. coming up sounding the alarm over a heartbreak is it german industry groups but when a british departure from the e.u.
12:17 pm
without a deal is a very real and damaging prospect. and where there is a bill a there's a claim goes the saying but how do you say when it comes to global warming a farmer in peru has a german energy company in his sights. this is your business update on how that humphrey in berlin thanks for joining me. more good news for the german. cona me it's been growing faster than expected propelled by strong exports and investments official statistics out today show europe's biggest economy expanded by zero point eight percent in the third quarter that's up over the zero point six percent in the previous quarter and more than a call to miss had been predicting hiring also rose adding one point five percent more jobs to the workforce. and financial correspondent. joins us from the frankfurt stock exchange now and you know how is the news of this seemingly robust performance going down there well as you pointed out it beat
12:18 pm
forecasts so it was a bit of a surprise but not that much these figures also follow on months of good data coming out of germany just last month we saw business confidence reach a record high and unemployment rates of record low so seeing as the fundamentals are good this upswing is likely to continue but investors will be looking closely at the priorities outlined by germany's future government and germany of course is in a good position now to and out structural reforms such investment in areas like education digitalisation and infrastructure will be key to germany's future growth i'm sure he is now a strength in genoud the e.c.b. use case for slowly reducing stimulus. exactly the improving economy within the euro zone was of course one of the key justifications for mario draghi to stop dragging his feet as it were and slowly signal in a pullback of stimulus but the me that you see these unmanned mission is august
12:19 pm
need to maintain price stability and inflation isn't quite where it's supposed to be just yet as it happens there's actually a central bank conference going on now in frankfurt with a big for the bank of england the bank of japan the fed and the e.c.b. they'll be talking about communication between central banks but really investors will be scanning their speeches for clues as to where the policies will go from here with the exception of the bank of japan the central banks have mostly turned towards tightening all right no more draggy dragging his feet to general in frank but thanks for that. in the u.k. parliament is set to get the final say on the briggs's deal in a binding vote but what deal will they actually be voting on talks in brussels appear to be at a standstill which means prime minister teresa mayes meeting with european business leaders on monday was likely a tough one businesses in and outside of the u.k. are becoming increasingly agitated not knowing what where they should between the u.k. and the e.u.
12:20 pm
will look like in the future and they're demanding answers. it only life was as easy as these demonstrators in the center of london was saying on monday. it's never too late. prime minister to resign greece but the country is still hurtling towards bragg's it on the twenty ninth of march twenty ninth with no deal. nervous european business groups who came to see mrs mae in downing street are now only concerned with one thing damage limitation they want the british government to back down so the country doesn't fly over the end of a cliff on b. day. we've made it clear towards the e.u. commission and the british government that it is in our interest to avoid one thing the cliff. the end of relations between great britain and the european union you can avoid that if you want to avoid it and we hope we bolster their will to do so
12:21 pm
today in britain. but the clock is ticking and there's little more than hope right now what will happen to the many cross border companies how many jobs will be lost to resume a can't say in the automobile industry parts are delivered from one country assembled in another and then exported on to foreign markets many of these cross border transactions could be subject to british import tariffs in the event of a hard break that they could come to over two billion euros for german products so far britain and the e.u. have not found much common ground but if that doesn't change soon the u.k. could lose a lot of investment some of the big banks have already begun moving their stuff from london to other financial hubs like frankfurt. and we can talk more about this now with and they are. he's the director of the british chamber of commerce in germany thank you very much for being with us good morning now german industry groups have sounded the alarm over the possibility of no deal hard brags that we
12:22 pm
even had one warning coming yesterday how real a possibility is that do you think it's quite a possibility as you can see the sixth round is over and it ended up with an escalation in the goshi ations by new demanding in within fourteen days a move by the british which is quite considerable step and i don't see anything happening on this matter at the moment all right let's say nothing happens that say high tariffs a slap on goods moving between the u.k. and germany how damaging with them be it will be very damaging you have to consider that we have employed in germany about four hundred thousand people by british companies and vice versa and britain about three hundred thousand people by german companies and of course if the supply chains are interrupted and trade is interrupted these working places would be negatively affected i mean there's a quite alarming numbers and it's just one example germany is working on
12:23 pm
a new coalition government at the moment and we know that german industry groups that are likely to put pressure on politicians to well potentially allow britain access to the free market do you think that pressure would work do you think that's succeed we hope so we certainly hope so and also the british chamber is doing the same thing in germany we are trying to support the negotiators and tell them please be reasonable in your demands don't put any negative p.r. in front of you and make britain look bad and try to look at the positive and try to do a look at what is at stake and there's quite a bit at stake i mean use that phrase negative p.r. and i have to think about it when we talk about the talks that have a. fictive really stalled in brussels that certainly negative p.r. has that already hurt business interests would you say i would say yes and some companies have already put up contingency plans they are moving possibly some
12:24 pm
workers over to the other side of the channel and businesses such as the japanese automotive industry which is producing most of its european exports from britain is looking into other sites and that's quite a negative thing for britain i would say. let's just say a year ago let's think back to then some industry leaders were in favor of britain leaving the european union let's imagine it's probably unlikely to happen that there was a second referendum do you think would make the same choice some would not and i think many of the voters and the electorate would vote against breaks it and if the parties put up a programme saying with us he would stay in the european union i think this would be quite a run up against the conservatives who are currently. ruling the country do you feel let down by politicians in somewhat yes i think business and trade and especially jobs have not been looked at in the deps there was
12:25 pm
a lot of negative p.r. before the bracks that complain things were publicised in the way that were really more motivated by self interest rather than interest of the general public right and. about director of the british chamber of commerce in germany thank you for sharing your perspective with us thank you for having me. has venezuela finally run out of cash standard and poor's has become the first ratings agency to use the d. word declaring the country to be in selective default after a failed to come up with two hundred million dollars in payments on a global bonds this after talks with international creditors in caracas failed to produce a plan to tackle venezuela's one hundred fifty billion dollar debt ahead of that meeting president nicolas maduro said his country would avoid default pinning his hopes on restructuring deals with russia and china now
12:26 pm
suing for climate change in peru a farm a successful appeal against a german regional court's decision he claimed for germany for damages rather from one of germany's biggest energy companies all w e which he considers responsible for global warming the judge in the case said that the farmer might be eligible for damages. the man who some say could challenge climate changes traveled over ten thousand kilometers from his hometown in peru to hamburg germany sound. comes from juarez in the peruvian andes the village is threatened by melting glaciers that could potentially cause severe floods destroying crops and leaving thousands without a place to live lou you know once those responsible for global warming to pay for a dam to protect his village his first time get is germany's energy giant w.-e. . he accuses the utility of significantly contributing to the
12:27 pm
problem with its greenhouse gas emissions. than they do with most that nothing has changed in the peruvian mountains the glaziers keep melting it's only getting worse . but succeeding in the courts isn't easy the years lawsuit has already been dismissed in the district court in essen where our w.e.e.e. has its headquarters the company argued that place is melting in the andes can't be traced back to its activities since many other agents like cars and planes could also be causing climate change. lou your hopes his appeal will now convince a higher court and eventually force those who he thinks are threatening him and his people to help alleviate the damage. you're up to date with the latest from the world of business for more find us on facebook follow us on twitter at the w underscore business.
12:28 pm
kickoff. three stones from three continents. three thrilling story. thomas more from my music. charles mingus from high level who's. not make
12:29 pm
a time from any nazi. how do they become top players in the borders need. to go. to. space age technology for our streets. driverless cars still encounter real obstacles in traffic but on mars rovers have been moving autonomy for years. now a japanese automaker wants to use their technology to create self driving cars that are out of this world. tomorrow today in sixty minutes on d w. united against climate change. the challenges for the twenty third u.n. climate conference in bonn. our nation. is working to meet their paris agreement targets. top twenty three this week on the d w news.
12:30 pm
d w true diversity. where the world of science is at home in many languages. on top of the big one doing the nation. now with us our innovations magazine for asia the us from every week and always looking to the future fund d w dot com science and research for asia.

42 Views

info Stream Only

Uploaded by TV Archive on