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tv   Business - News  Deutsche Welle  November 21, 2017 2:15pm-2:30pm CET

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persuade the potential coalition partners to return to the negotiating table. and zimbabwe people have gathered in front of parliament to celebrate what they hope will be the start of a new political era president robert mugabe is facing possible impeachment proceedings today brought by his ruling zanu p.f. party. you're up to date on the w. i'm sara kelly in berlin thanks so much for watching we'll see you again at the top of the hour. i am hoping to find tens of thousands of fans for their mega life sets. the mood it's just a really beautiful moment that you're able to share with people and even though. they call go more air miles than some pilots. like commandants reverend i am
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constantly anymore thank you. three german d.j. superstars can't get any more bombastic moves the music didn't exist we have no idea what we want to do him and how to do it ourselves on. between back stage rooms of self-discipline and a twenty four seven social media presence. super star deejays starting november twenty fifth home d w. but. it will be at. the us government soon the merger plans between a t. and t. and time warner the department of justice citing competition concerns or does the u.s. president's t.v. preferences play a role. or so coming up coincident soap. out of
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a concerted strategy a well known german manufacturer complains of rising protectionism around the globe . and the new solar power plants going up to site better known for its history that is sunshine. this is your business update i'm heading on free in berlin thanks for joining the u.s. department of justice has sued to stop a t.n.t.'s proposed eighty five billion dollars acquisition of time warner now eighty n.t. is the united states biggest telecoms company time warner a major producer of media content department of justice says allowing both companies to merge would mean a concentration of power detrimental to conceive this president donald trump's outspoken dislike for time warner's news channel c.n.n. some also see a political dimension at play. plans by eighty and t.v. to purchase time warner one of the leading media companies in the u.s.
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we're ready controversial when they were announced in two thousand and sixteen even before he became president donald trump was already critical. a deal we will not approve in my administration because it's too much concentration of power in the hands of too few. trump has called c.n.n. which is owned by time warner fake news this is why plans by the department of justice to sue eighteen t. to stop its acquisition of time warner a controversial but c.e.o. has said he will fight the u.s. government's suit in court there's been a lot of reporting of speculation whether this is all about c.n.n. and frankly i don't know but nobody should be surprised at the question keeps coming up because we've witnessed such an abrupt change in the application of and i trust law here. so any agreement that results in us forfeiting control of c.n.n.
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whether directly or indirectly is a nonstarter the u.s. has not seen such a high profile antitrust case in decades already many are asking whether the lawsuit is about protecting consumers or political interference in america's press freedoms. british low cost carrier easy jet says that annual net profit dropped by thirty percent to three hundred and forty four million euros in the twelve months to the end of september due to tough competition on a slump in the british pound but easyjet says things are changing fast as compared to ryanair has dropped flights and other rivals including monaco and air berlin are no longer in business easyjet says it will now be offering more flights at higher ticket prices to exploit a stronger grip on the market. of more on this let's go to our financial correspondent quanah who is in in frankfurt all right are investors taking those an ounce mints from easyjet at face value. well yes the share price of easyjet
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is nicely on the rise to. really manage to cope with a very difficult year quite well and it's also facing the brics it challenge quite actively and quite creatively easy jet has registered here on the european continent it has a legal seat in austria and it has registered aircraft and that might allow the company to cope with the possibility that the two sides the u.k. government and the european union fail to come up with a comprehensive agreement for the traffic for the airline sector. so that's something that's also rewarded by people of the markets and by many analysts looking at easy jet and conrad is the market still interested in the unfolding political drama here in germany. absolutely after the chancellor angela merkel
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talked about how she prefers fresh elections to minority government of course more and more people here wonder what has to happen until this starts weighing on sentiment the german chambers for industry and commercial say that business is at the moment in germany are much less optimistic than they were at the beginning of the year next friday we'll get an update of the evil index of business climate and remember last month's shortly after the general election here in germany this index had reached a record high it's quite possible that the very long and tedious coalition goshi ations which failed last week and have had an impact on business sentiment here our financial correspondent pointed out it was in in a frank thanks a lot. unemployment continues to be a major problem around the world especially for people between the ages of fifteen and twenty four and they say report by the international labor organization
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estimates that more than seventy million young people are jobless this year and that's an unemployment rate of over thirteen percent global youth unemployment peaked off the financial crisis in two thousand and nine it exceeded seventy five million but drop steadily in subsequent years until until it began creeping up again the ilo says it could hit seventy one million next year and although europe as a whole is not suffering too badly young people in southern europe well they still often have few or no short prospects in fact in spain every third person they're under twenty five years old is unemployed. now how would you go about selling a pencil it shouldn't be too hard right officer all there in demand from katmandu to kinshasa but with protectionist tendencies on the rise doing business around the globe has become more difficult lately and changing standards and regulations are increasingly taking that toll on one of germany's oldest companies best known for
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its pencils crayons and anything else you find on a well organized desk. compass says like this are often used for school design or technical applications the biggest components the arms are made from metal that contains lead to some countries that's a problem. overnight south korea reclassified a compass from drawing a quick mint to a child's toy which isn't allowed to contain lead that's just one of the many measures countries have taken to restrict imports. a company like step which back sports eighty percent of its products is directly affected by tactics like these. they're coming up to me to. really tell if these are protectionist measures or if there are regulations like standards that to change by the e.u. or if their regulations from other countries sometimes it's hard to tell me you know why haven't we tried to react immediately to check overall materials and
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manufacturing processes so we can adjust to these things very well for months of going to the heart of. the company was founded in eight hundred thirty four and is now present in one hundred fifty countries. the c.e.o. is worried that that biggest market the u.s. will continue to isolate itself along with other countries. we're going to really begin some of the red carpet the entire world map is a marketplace that. we're seeing that in almost every region the non-tariff barriers to trade are increasingly. rising calculation matters a changing to make imports more difficult it's happening all over the world and imported sort of. the same i didn't hear of a white. businesses getting tougher in the e.u. as well. this is a filament of lead in pencils is being lowered even though you'd have to eat
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eighteen pencils a year to absorb the current limit. all appeals to regulators have been unsuccessful. since. we have no other option but to adapt to the changing conditions of a complex gets complicated. hundreds for trade trade agreements getting terminated really various things get turned over to individual countries which makes the more time consuming to go and expensive than to go let's and it cost. the company doesn't want to walk away from any market but the increasing demands and higher duties in certain regions make the products more expensive for the consumer . and they won't pay higher prices to start new products if domestic ones are significantly cheaper. now building a solar power plant in a region that gets less than four hours of sun on africa day market hot sound like
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the brightest idea but that is what they're doing in ukraine chana beer is looking for a new lease of life off to the nuclear disaster in one thousand nine hundred eighty six which have has helped put sustainable energy like solar back on the map. there are few signs of life in the no go area surrounding the disaster site just an information center selling souvenirs and offering tours but a solar power park is now being built here the modules are going up in the thirty kilometer belt of wasteland that surrounds the old reactor a german ukrainian consortium is behind the project which is scheduled to go online in february it will supply significant amounts of clean power to the region. for comparison with this output you can energize approximately two thousand apartments this year as our pilot experiment for their power plant is planned with twenty sixteen we already built one with four megawatts on the belorussian side of
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the churn noble's own so delusional was because i knew the nearly four thousand modules and the a ray will produce around a megawatt of electricity that's about half of what the nuclear power plant wants churned out and all with safety measures factored in the project will cost around a million dollars to complete then the site of one of the worst nuclear disasters in history will house a park for sustainable energy. today with the latest from the wild all of business and will find us on facebook follow us on twitter. business more business news coming up in the next hour right now here's a look at the world market. cards
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