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tv   Business - News  Deutsche Welle  December 21, 2017 12:15pm-12:30pm CET

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defeat the. mighty by and go through to the quarterfinals. you're watching did have you news still to come barcelona is turning on the charm but tourists are turning away we look at how catalonia has political instability is hurting the tourism industry. that story and much more coming right up with daniel in business. with 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 choice global news that matters d. w.
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made for minds. meet the germans new and surprising new specks of noise and culture in germany. us american keep music takes a look at germany to synchronicities the two traditions every day lives and language because there's a lot of. good. d.w. dot com the germans. look. at. the sky's the limit for looks likely the airline will get the green light from the e.u. to take over parts of it but will the deal punish consumers also coming up political instability in catalonia is hitting. its tourism industry and
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donald trump says his new tax reform is a christmas gift to the u.s. but it's one many americans did not ask for. and this is a business update. it looks like clear skies ahead full of tons of with brussels set to approve the german airlines partial takeover of berlin yet tanzer grows so do concerns that it could become far too dominant left hand says so opportunity in the demise of its one time rival with bust the faction carrier could take on new groups as well as the aircraft and employees to service them. it's originally proposed to take over that included two subsidiaries that plan sparked e.u. concerns over competition tenser responded last week with a more modest proposal dropping the purchase of austrian flyer nikky all together and instead of the original eighty one aircraft it wanted to buy it would now buy
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just sixty a green light from brussels raises other questions first among them who will buy the airline nicky which remains insolvent there are already a number of interested buyers including the original owner former austrian racing car driver nicky lauder yet another decision for a turbulent european airline market. is in frankfurt forest and that it seems likely that the e.u. competition commission will essentially be approving a monopoly when it comes to some routes is it a necessary deal or a dereliction of duty for the regulator. well probably it's a mixed bag when you look at the results which are expected to come out from the commission authority competition authorities in brussels so reuters is reporting that the compromise is that giving up on lending and starting rides and visit often
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also in the future would not expand its presence in in order not to have a monopoly there but of course there are the stretches and there are other destinations where they really will have one and i guess that the competition authorities will monitor the pricing policy or flow found that very carefully going forward ok and also tourists are affected there's been a knock on effect at least for the tourism industry. yes the tourist authority in berlin is saying that because of the demise of lenin there are fewer flights into the german capital and that it's really get yet kind of the risen industry is feeling that very terribly in the month of october and november already with numbers down by as much as seven percent of course going forward the hope is that lufthansa. sort of service many of those flights which have not been serviced
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when belin sees to offer them so from january on the steps hope that they will be again more flights into a billion. it's hardly say when you consider a billion subsidiary mickey has been hung out to dry look tons was blocked from taking them over what will be nicky's face. yes actually it looks at the fate of looks quite promising has to be fair mickey has been operating mainly very lucrative destinations such as my dog car for example and then number of bed this and we probably get the results or the we get the results from the it from the authorities as soon as today as well for nicky who is going to win the bidding for the carrier rights and metta thank you very much for that analysis for us they're disappointed pilots unions speaking to budget airline ryanair for the very
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first time in the company's history the reason for the discontent islands ryanair had refused to negotiate with unions on pilots' pay the airline says it will answer number of proposals in writing by noon today the unions threatened to go on strike again the deadline passes without a satisfactory reply catalans are voting in regional elections today the recent failed independence bid his home the region on two sides legal uncertainty is worrying businesses and investors and destructive demonstrations are scaring away tourists. these street musicians in barcelona's old city are jamming in front of a sparse audience. december is the slow season anyway but the political crisis here is making matters worse since october the number of tourists has dropped almost twenty percent compared to a year ago. four years tourism has boomed in the popular mediterranean city
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but recently business has taken a dive. the volume of hotel reservations has tumbled with luxury hotels taking the biggest hit. and with not only for the hotels are suffering the consequences they've reacted by offering discounts but with little success if we can fish for customers as much as we want with it but it doesn't help if there are no fish in the river has got there just aren't any customers now that's new for barcelona and it obviously has to do with the fact that tourists are afraid of coming here. to me and obvious. but the center katherina market is bustling with customers christmas season business is as good as every year according to the merchants here many catalogs consider the ominous business news an attempt by madrid to scare the public. but
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the fact remains that many spanish consumers across the country refuse to buy cut along products and are considering an all out boycott. the conflict continues at the dinner table between bites of ham and cattle on cheese. that is a bit of a. yes it's true that we're sensitive it's got that on those that want independence would rather buy cattle on products and those on the other side you know what people buy products from other parts of spain but in the long run it doesn't make any sense at least not for gold maize and i'm going to get it and veto. even the real estate market has been damaged by the political sledgehammer foreign investors would rather stay away from doing business in the cattle on capital. our foreign customers have simply disappeared sixty five percent of them have left due to the instability here but a nice they don't want to buy in barcelona you know they would rather invest
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somewhere else maybe in madrid or portugal or some other region. you know to follow the political climate is poison for catalonia as business setting many companies have shelved plant investments executives doubt that the new elections alone can and the current crisis they urge both sides to seek dialogue in particular about a decentralization of spanish state power. you data out today by the german statistic office shows wages growing faster than the prices for goods and services leaving workers with more money in their pockets but the stats show the real benefit is actually lower than in previous years that could be set to change twenty eighteen unions are going to negotiate new contracts with many of germany's largest employers. and now to a big win for donald trump the u.s. congress has finally voted in favor of a big presidential campaign promise tax reform advertised as a christmas gift to the american people the new bill will likely not be signed
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until after the new year that'll delay potentially painful spending cuts until after the mid-term elections after all the controversial reform is not very popular economists say that most of its benefits go to large corporations and the wealthy whereas low and middle income will likely bear the greatest by. cutting taxes has been republican orthodoxy for years the argument goes that business is that spend less money on taxes we use those savings to create new jobs and fresh investments experts say that has occurred with past cuts in the united states has tried to do this cut taxes corporations and individuals and expect has not happened yet so this is another experiment and see if this works with our. history. the new cuts go further than ever before republicans say that economic growth from a post tax cut supercharged economy can pay for the one point five trillion dollars
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price tag analysis shows that's almost certain to be untrue no credible outside analysis has found this to be true at best what many analyses show is that we would see an initial bump of growth in twenty thousand and twenty nine thousand but after that it would start to falter in the long run it wouldn't have any meaningful benefits for the. pace of economic growth the bill isn't even a finished product tax analysts say glitches and drafting errors are likely to be found in its text much as they were in older versions that means future rewrites other aspects of the bill expire raising difficult political questions as beneficiaries see their taxes rise again the fact is the way it's structured means lawmakers are going to have to keep revisiting its provisions for years to come so while president trump and his republican allies take a victory lap it's likely that this is just the latest stage in the marathon debate
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over u.s. tax policy. older. than the. old.
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feel they sought refuge and found a prison tens of thousands of refugees are languishing on the greek island of mexico without any tricity all health care. they wait for months for their asylum applications to be princess to. the locals can barely come
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it's a breeding ground for violence. next on t.w. . enters the conflict zone confronting the powerful. all against is called stigma the deputy chairman for the party after taking a beating at the polls in september many social democrats said the party needed to reinvent itself so really s.p.d. go into a position old to come on the lawn mower because doing your nose the food is in the sixty minutes d w five. make your smart t.v. even smarter with the t w for smart t.v. . what you want when you want it up to date extraordinary. and you decide what songs find out more w dot com smart t.v.
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. crime fighters the new season of radio crime thrillers begins. moving. domestic violence cyber crime and human trafficking for investigative cases that will keep you on your toes crime fighters series at the best idea ever so every young person needs to listen to crime fighters and share tell a friend tell a friend to a friend close fighters don't miss it. hello and welcome to focus on europe i'm michelle henery thanks for joining us.

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