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tv   Business - News  Deutsche Welle  December 28, 2017 5:15pm-5:31pm CET

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he requested a transfer but the move fell through when liverpool were forced to make a public apology after accusations of making a legal approach for the player. all right before i let you go and remind you of our main headline this hour the so-called islamic state has said it's responsible for a series of blasts in the afghan capital kabul in which at least forty one people were killed and one of the explosions a suicide bomber targeted a gathering in a shiite cultural center witnesses say many of the victims were students. all male iraq thank you so much for spending this part of your day with us the news continues at the top of the hour. the top stories followed across social media to share your comments and content welcome to. news. i should
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make has no children which makes her feel worthless and incomplete. in a society that expects them to be her children this is a burden many married 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 niger and. through blistery starting january fourteenth on t w. a classic case of told you so german ally love tons of this to be already abusing its monopoly on certain routes after its last. mystic rival beilin has gone bust
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now the competition bought stock in germany is sounding the alarm. confident or just complacent the european central bank says its controversial monetary policies are working because the eurozone economy is forging ahead. and traveling along the new silk road how the all of this is drawing billion dollar investments from china. this is the w. business on gravel for us in berlin. the bankruptcy a bankruptcy rather of bellin left as the last alan standing here in germany prompting fears of rising ticket prices rightly so says the german competition authority the cartel watchdog analyzed prices for all of those towns as booking classes and concluded they were unduly raised up to thirty percent chance of says it was merely the allens algorithm that came up with these prices. authorities said
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it does not buy that excuse possibly opening the door to punitive fines and even customer lawsuits against lufthansa. well let's bring in a really bad financial correspondent in frankfurt only is the times are really abusing its monopoly already. well the the argument with the algorithm is really absurd if you take that to the full extent than last time could for example ground to half its planes and the algorithm would see that oh there's less supply let's double the fair prices that the passengers have to pay it was the algorithms that figured that out but even if you wouldn't calculate something like that in something willful of course you can reprogram the algorithms to suit the current market situation and above all to meet the law and to meet regulations so that's kind of a childish argument and i don't even know if c.e.o. cost for
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a believes that himself what is true is of course that as he says of the original one hundred forty planes that used to fly for air berlin ninety are grounded now and of course there's demand and with higher demand and if there's no other competitor there then there's some justification to demanding higher prices really competition authority and customer complaints aside lufthansa has done very well this year hasn't it. they've done super well it was a record year for them they've never made as much profit as they have it was quite an expected one factor our oil prices were ok for the airline but they also were successful in cutting costs and they also were successful in cutting a deal with their pilots it was a year long years long struggle several years it cost the many millions and now that's out of the way and it also clears the way with new schemes for retirement
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and for concert and station to become more competitive in this very competitive business of the airline business not just in europe but around the world in the share price reflects that success is coming up by a whopping one hundred fifty percent this year by far the biggest gainer in the german market and probably in europe as well one of our friend for almost on the great performance in this year thank you very much not only looked on those doing well the e.u. economy on the whole is alive and well the european central bank says in its year end report business in the euro zone has been growing for four and a half years creating seven million jobs these evenings 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 sponson of the economy the central bank does not anticipate a change in policy anytime soon. so no surprise there then but how long can or
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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 prizes foot prices and some forecasts are saying and it needs to be zoned forecasts are saying that even in three years we were not arrive at nearly two percent or 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
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know average savers are being punished as well especially in germany a country of of savers it is these would be policy mainly prog 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 it 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 the. it's dicto minutes press conferences i would say interest rates would be low till two thousand nine hundred because simply we are out a different business cycles times than the us and also there will be no exit from the bond purchases there will be lowered from january to september next year
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to only a 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 yes if you look at your crystal ball across the rest of the world ladies 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 trump dictating the fed into 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 in the u.s. so everything's going to roughly stay as it is i think so. thank you very much for the substrate. all this week we're taking
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a look at the new silk road china's attempt to revive a one thousand year old trade route by investing hundreds of billions of dollars in ports railways roads and bridges across asia africa and europe today we're in greece at the port of pier reyes last year china's state owned shipping and logistics cosco spent more than two hundred eighty million euros to secure a majority stake in the port company 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 hill communications companies like that t e and who are wired from china or hewlett packard from the us are using as a hub for their goods to and to europe the traffic volume has increased twenty percent compared to last year. this is the port of parade yes since johnny shipping giant costco took over the port has been an operation twenty four hours
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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 it is will be the first time at that on our. very big disabuse us and this meant that out and we hope to be all short of this is the sense that this if you think of us from. companies like sony and hewlett packard ship their products from paris 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.
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to get these to develop four and five start to put their lives that we did not have maybe you know you can see by the deep end to provide good he said he said he sees we thought there i'm used meant baryons 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 subcontractors and working conditions will be undermined in a few me off the wall with the 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.
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the deal with the greek government. hundred fifty million. tourists were in the. past on the passing years. more. certainly needs the kind of economic stimulus the chinese hope their vision for. the new silk road and. of course.
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and that's it this really is the last one i'm give the money i'll say. and the
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health benefits i'll be so much out of the are. going to kick us habit it's a new year it's a fresh start i can do this becoming a nonsmoker and staying on here's how to do it. just good shape next on the double shift. why do the offense need this. plastic bottle turned into a paving stone why do you clean your. good idea can work in the morning and there are people developing smart solutions everywhere. let's inspire children to be environment magazine the go ahead to africa in sixty minutes on g.w. . my first boss i was a sewing machine. where i come from women are balanced by the social influence in
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something as simple as learning how to write them by side of it isn't. since i was a little girl i wanted to have a bicycle off my home and it took me me as the months but there's. finally they gave up invented by me and by psychos but returned because sewing machine sewing i suppose was more appropriate for goes than writing advice and snarl i want to meet those women back home who had bones by their duties and social rules and informed them of oded basic rights my name is them out of the home and a war that's easy to. come up and welcome to in good shape coming up pediatric.

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