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tv   Business - News  Deutsche Welle  December 28, 2017 12:15pm-12:31pm CET

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i should makea has no children which makes her feel worthless and incomplete. in a society that expects them to bear children this is a burden many married yet childless women in niger suffer from. a wife is only fully accepted upon motherhood. a very personal film about the suffering of childless women in nigeria. blistery starting january fourteenth on t w. confident or just complacent the european central bank is saying its controversial monetary policies are working because the eurozone economy is forging ahead.
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also on the show traveling along the new silk road how the greek port of pier ayers is drawing a billion dollar investment from china. business but first the bankruptcy of lynn left as the last line standing in germany prompting fears of rising ticket prices rightly so says the german competition authority the cartel watchdog has analyzed prices for all of us booking classes and concluded they were unduly raised by up to thirty percent of council says it was merely the algorithm that came up with these prices the competition authority said it does not buy that excuse possibly opening the door for punitive finds it even cost them a lawsuit against loved ones. is using its newly obtained position bring in only by financial correspondent who's standing by
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in frankfurt really is it abusing a monopoly already. well yes or no if you look at the argument of cost for the c.e.o. that it's the algorithms that sounds like a real he childish argument i'm amazed to hear that from a man like that of course you can program your software so that it complies with the law and with regulation and love times it can do that at the snap of a finger if it wants to do so but of course it's using this situation now where it's the last airline standing and we're is where that there isn't the other offer from the other airline or other airlines to fill the slots for german customers and flying within germany and to european destinations but he does have an argument cost for and that there is that loss of supply air berlin had one hundred forty planes ninety are grounded yes there isn't enough supply and lufthansa is supplying what there is at a higher price. really competitions towards the end customer complaints this side
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of the house done very well this year hasn't it. that's right it's a really stellar year for loved ones it's a record year the profit is as high as it has never been before and nobody saw that coming the airline has reached a deal with its pilots age old. retirement plans and compensation packages they're basically out the window and that paves the way for lufthansa become more competitive and to earn more money in this very stiff competitive area that it's flying in and also of course with air berlin it's a lucky situation here at the end of the year the old price has been holding steady and the share price is reflecting that it's gone up hold onto your hat a whopping one hundred fifty percent this year one and a half times what it was at the beginning of the year nobody saw that coming but
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substantial only the euro and that you mentioned the oil pries have gone up in the past few weeks when the oil in fact has been on the rise since this summer how important is that full of tons in the coming year. they are both important the euro needed needn't be a disadvantage of tons of could buy supplies planes for example in dollars cheaper oil could become a problem if it goes up further jet fuel the biggest expense and the church on the operational level. in france for that thank you very much now the e.u. economy is alive and well the european central bank says in its year end report business in the eurozone has been growing for four and a half years creating seven million jobs the easy things it's monetary policy of interest rates near zero percent and an extensive bond buying program has helped the e.u. recover from the two thousand and eight financial crisis and is now helping the
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expansion of the eurozone economy. the central bank does not anticipate that change in policy any time soon. so no surprise there then but how long can or will the e.c.b. stick to its guns are not joined in the studio by professor ansgar becker and that he agree is the e.c.b. monetary policy working at first glance this seems to be the case if you look at growth rates a consumption investment just stimulated maybe about international factors as well so the main target is not hit by the central bank look at inflation expectations but very low still at about one percentage points if you look at core inflation that is inflation without energy prices food prices and some forecasts are saying and even is obese own forecasts are saying that even in three years we will not
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arrive at the nearly two percent so to that extent it's not successful if you look at the risk spreads of italy for instance after the one purchases started they went up again very shortly afterward so it's not successful over the oran and you know average savers are being punished as well especially in germany a country of of savers it is the z.b. policy mainly prague proffering companies and the stock market infected does but maybe at the benefit also for labor in germany the counterfactual is of course difficult to define what would have happened if these a b. would have not intervened in principle you are right the huge degree of redistribution. where do you see monetary policy going in twenty eighteen is the e.c.b. gonna stick to its guns if i trust mario draghi and. it's dicto minutes press conferences i would say interest rates will be lower till two
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thousand one thousand because simply we are out a different business cycle stance than the us and also there will be no exit from the bond purchases there will be lowered from january to. temba next year to only thirty billions then they will repurchase all the income from for the major bombs and will invest them again so the balance sheets will be larger and larger in the next years if you look at your crystal ball across the rest of the world where do you see other interest rates at the moment monetary policy in the us for example in japan going in general it's striking that all the interest rates the long term interest rates went down in parallel the last twenty five years and so in the next years i also expect from dictating the fed interest say it decreases again so this will be only a short upturn in terms of the exit but i don't see longer term interest rate hikes
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in the u.s. so everything's going to roughly stay as it is i think so. thank you very much for this update now all this week we're taking a look at the new silk road china's attempt to revive a thousand year old trade route by investing hundreds of billions of dollars in ports railways roads and bridges across asia africa and europe and today we're in greece at the port of pier reyes last year china's state owned shipping and logistics firm cosco spent more than two hundred eighty million euros to secure a majority stake in the port company that they're due to poor another three hundred fifty million into port infrastructure in the next decade for the greeks encouraging chinese investment has paid off large telecommunications companies like zip t. and who are wired from china or hewlett packard from the us are using fear as as
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a hub for their goods to and to europe the traffic volume has increased twenty percent compared to last. this is the port of parade yes since chinese shipping giant costco took over the port has been an operation twenty four hours a day freight volumes are four times what they used to be and one of the two container piers is being extended costco's plan to turn pariahs into a gateway to europe is well underway its local executives are upbeat so far paramus is the only large private sector project making headway in greece but is will be the first time at that on an up. and very big disabuse us and they make that out now and we hope to be all show this the sense that this if you think of us buy up but. companies like sony and hewlett packard chip their products
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from paramus to eastern europe. costco has invested a billion euros in the container terminal. the passenger terminal is next on the agenda already the largest in europe it's going to get even bigger along with a massive facelift. old warehouses are also being converted. are that get these to develop four and five star hotels that we did not have maybe you know you can see by the deep end to provide do it he said he said he sees we thought there i'm using areas like restaurant cafeterias costco also wants to attract cruise ship passengers primarily from china and paramus would be more than just a flying visit costco wants it to become home base for the luxury liners big plans but the unions are skeptical they fear costco is farming out contracts to sub
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contractors and working conditions will be undermined in a few me off the wall it's an important question is that and if necessary we'll go on strike yet we want a collective agreement and long term secure jobs that's what we demand from costco and also from our government. as part of the deal with the greek government costco has to invest three hundred fifty million euros in paramus harbor over the next ten years it's hoped the district around the harbor will also benefit. it would be good if the tourists were in the harbor for longer most just want to see the acropolis. leave their base have a beginning even greeks would come here more often oh. i hope that the past on the passing years there will be a development more stores will come where people will invent this to the heart to give life again. from me on the business team.
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thank you very much for. what unites. what divides. the problem
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let's try to force. what binds the continent together. the answers and stories of plenty of. spotlight on people. not just on d. w. . entered the conflict zones confronting the powerful the fis recon green zone is in warsaw where the polish government is facing mounting criticism from the e.u. over its record on democracy and human rights my guest is the deputy prime minister . is his government ready to address the concerns voiced by brussels for continue rejecting them out of a final few and sixty minutes on d w five. will differ. languages we fight for different things that's fine but we all stick up for
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freedom freedom of speech and freedom of press. giving freedom of choice global news that matters d. w. made for minds. meet the germans new and surprising new aspects of play center culture in germany. us american keep take a look at germany at the sink receives at their traditions every day lives and language can just come out of my lungs and so i'm going to kyung good. illo. the trick i am going w dot com the germans. welcome to.

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