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tv   Business - News  Deutsche Welle  December 13, 2017 6:15pm-6:31pm CET

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frankfurt. international gateway to the best connection self and road and rail. located in the heart of europe you are connected to the whole world. experienced
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outstanding shopping and dining office and try our services. be our guest at frankfurt airport city managed by from. is known as top managers do not go to day nothing to change you know the banks pay money and so watch the language of a bank money. for speaking the truth global news that matters g.w. made for mines. a competitive. trade war breaks out between the u.s. and canada canada are accused of dumping airline is on the american market trumps counter threats of tariffs and now sources say the canadians are. having
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a major military deal with the u.s. . europe's competition commission steps in and dashes loved ones as hopes of buying it berlin subsidiary nikky the austrian based business files for bankruptcy. and the designers dreams of bringing high end islamic fashion to germany. i've been physical and that's to business when u.s. president donald trump came to power the bets were on for a trade war between china and the united states but its closest neighbor has got in first there are reports canada's dropped plans to buy eighteen fighter jets from boeing over trade dispute with the us the deal would have been worth well over five billion dollars and was part of an upgrade of its entire fleet but it collapsed after the u.s. imposed duties of three hundred percent on c. series jets made by canada's biggest plane make a bomb. the company accused of dumping airliners on the american market both countries are locked in increasingly difficult talks over the north american free
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trade agreement. let's go over to our financial correspondent who's standing by in frankfurt daniel colp daniel does this amount to a trade war. damage or it really sounds like a trade war ben just imagine you go to your car dealer and you want to buy a car from another country and at the end you have to pay three hundred percent more i mean many people also yet the trading floor really call this ridiculous and it really seems that many countries are getting more and more annoyed off this latest protectionism by the u.s. government and what do you think this is going to go how do you think trump is going to react is it going to escalate. well investors do feel that there needs to be sort of an escalation and at the end there also needs to be an agreement because who's winning now for example in this case with those fighter jets now australia is going to get the job not canada also not boeing and i mean
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buoying also a company in the united states also because of those very high tears that has been really struggling during the last weeks and months now airbus is again clearly the number one in the airplane business and there are just so many examples were traders and investors are really saying that there needs to be sort of agreement because at the end this is also going to harm the u.s. economy ok back to that struggle in a moment with you daniel stay where you are because i want to ask you about this next story three of the world's top economic powers the u.s. the u.n. japan joining forces to combat market distorting trade practices the group signing a declaration at the world trade organization conference and one a series it doesn't openly target any specific country but it does focus on state owned enterprises and government subsidies both of which are central features of china's economic system chinese steel and element of industries are heavily
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subsidized cheap chinese goods have been flooding global markets posing a risk to jobs elsewhere. than you'll tell me is this declaration the result of just a lot of talk we don't actually see any action. well i mean this is always the question how much power the w.t. organisation actually has because in some cases it can really bring something just yesterday this agreement between those who are left in american countries and the european union was signed but in other cases it's a really long process and you can really feel that. doesn't have that much influence because at the end it's an organisation it's not illegal body that can tell for example to the united states will you have to come to an agreement for example regarding the nafta agreement so it's it's a body that can give for
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a commendation but at the end also with limited power what does that say briefly about its reputation trumpet said time and again that it's a disaster. well i mean in general w t o has a very good image it was founded in one thousand nine hundred five base in geneva but also i mean you just mentioned those this ongoing dispute also with china when it comes to the surplus production office steel. has said so many times so china you need to work on this axis of production but at the end we are seeing very little results and not many things happening then you called thanks for your analysis. staying up in the air and has withdrawn its bid for air berlin subsidiary nikky citing cartel concerns by e.u. competition authorities nicky is fine for insolvency canceling a string of flights elin's bankruptcy administrator is trying to find a new buyer for the austrian based business but so far no one else has come forward
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to operate a thomas cook and british airways owner i agee had both shown interest of tons of was planning to buy twenty of making fleet of thirty five aircraft to use for its own budget subsidiary euro. well that's catch up with quest of koba aviation expert and discuss first of all what this means to nicky passages there are a few out there on flights already and i guess stuck at their holiday does that hold their left in limbo because with the company filing for insolvency here. flight operations may be granted soon so we're talking about sixty thousand passengers according to media reports that would be affected by that the austrian government has actually stepped in saying they would repatriate any any passenger that would be stuck around the world for that matter or rather within europe because nicky usually predominantly serves tourist destinations within europe but still the
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people need to be brought back home once they are out there and the government wants to take care of them and what's going to happen to all those nicky aircraft and more importantly the slots because look fans are one of them the competition authorities said no now the company's gone and sold it all is going insolvent. who's going to want it that's a good question and it's not that easy to answer the slots may be up for grabs later and we may actually see bidders that had withdrawn themselves from the initial talks of buying nicky to come back in as you mentioned i agee the parent company of british airways also thomas cook i guess they could ask for lower. price yeah and they could they could also bid for individual slots for that for that matter when it comes to look tons of. some might say they may have just been eyeing to drop the to lower the price here and to get it to get a cheaper deal. i'm not so sure that regulators would approve of tons are getting
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or buying these slots because there have been these competitions concerns before exactly but what about ticket prices that's one that we've talked about time and again when it comes to these sales and these plans of lufthansa's low fans are having loss i promise they wouldn't put up ticket prices was not the case that was the case because it was wrong ticket prices have gone up and let's put it that way when we talk about nicky if if there's a buyer if there's. this there's a bigger taking up these slots these aircraft these connections that will be good for passengers because if the routes are not service slots if the flights disappear there's less supply and prices will continue to be high enough to leave it there chris of corba thanks for coming in les skin lots of fabric it's called modest fashion the latest trend of the capital new york london is stamboul
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german designers are also trying to come their way into the billion dollar business but they'll have to go abroad to do that. a photo shoot for the upcoming winter collection despite the icy temperatures the photos have to give no hint that the models of freezing cold time and again designed a merry steps in to make adjustments. fifteenth's collection everything has to be perfect for the latest catalogue. in this collection it was important for me to return to my labels origins to have different models on the set somewhere in the hit job some without some with turbans a mixture of light and dark complection to make everyone feel included. in her studio near mannheim the algerian born design a is constantly creating new combinations so. i used a lot of earth atones because i find them very elegant and to get away from too
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much black so we have rust brown as a key color. it's a mixture of dark orange and something explosive. group was exposing. despite fifteen collections in seventy is merriam library hasn't been able to establish a label on the german fashion scene she specialized in modest fashion a conservative more restrained style that shows very little skin she's frequently turned down for fashion shows gemini's behind when it comes to modest fashion wasn't she and that's why i took my decision to learn fashion design back then out of a passion of the modest fashion style didn't exist then but the market's been booming in recent years and now i want to be in there with the big players. the big players get together in dubai this year the persian gulf state is pushing on the biggest
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modest fashion week ever fifteen thousand visitors from around the world are expected to attend marian led mees on the label is one of two hundred fashion houses showing their latest collection. isn't as on me as the nose of interest in music i'm just mad more than i expected when very happy about it just though we try it out and six to go we're overwhelmed. mariama show doesn't start until nice in the evening if she attracts enough attention here it could mean her international breakthrough that would open up a one hundred billion euro market and then perhaps she no longer have to struggle for recognition got cut in gemini. burn notice that business that nice doing business with you i'll see you again very soon here on the dole.
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we've we've. we've . entered the conflict zone confronting the powerful two months ago motos most famous investigative journalist daphne car on the gun leads he was assassinated in
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a car bombing for years she targeted top politicians and business leaders is my guest here in valetta is the deputy prime minister chris has his government allow be emerging said the mafia avian flu next on the day the according to the. migration to sign him seekers remain hot topics in europe but european politicians trying to provide councillors long timers who claim to wait for more might come from europe and the refugee crisis inside lives and a look at the past this week on d w. they make a commitment they find solutions. they inspire. africa on the minds. of stories about people making a difference shaping their nation. and their continent. w.'s new
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multimedia series for africa. dot com africa on the move. beats in about the moments that unlike before. it's all about the stories inside. it's all about george chance to discover the world from different perspectives. join us and inspired by distinctive instagram or others at g.w. stories the topic each week on instagram. just two months ago motos most famous investigative journalist daphne a car on the was assassinated in a car bombing she had no shortage of enemies for years she talked to did top politicians and business leaders most recently the.

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