tv Business - News Deutsche Welle January 3, 2018 2:15pm-2:31pm CET
2:15 pm
the pentagon quickly backpedaled saying the marines should always be prepared but with such an unpredictable commander in chief look everyone is reassurance so two thousand eight hundred promises once again to be a turbulent year in the u.s. and the role in the world. you're up to date now on d w news i'm sarah kelly in berlin and coming up in just a few moments equal pay for men and women in most countries struggle to get there in fact none really have we will take you go to i find where it is now the law that's coming up with ben physical in just a minute. that was looking at some residual the course nothing is what rule twenty five year story for us which topics will shape the next twelve months. so you don't need your news in. washington. one against. some of president trump's
2:16 pm
second beer in the windows stand down global politics sells today do you. think. every journey begins with the first step and every language with the first word published in the. rico is in germany to learn german why not learn a simple online on your mobile and free to suffer from d w z e learning course the kospi german made easy. icelandic the global trailblazer for equal pay the little nation closes the gender gap becoming the first country in the world to legally force companies to pay men and women the same. agenda jobs bonanza and. climate hits an all time high alaska
2:17 pm
economist gustaf on what the boom means for you and how long it alot. and how a clothing company in germany wants to help you save close it space and the environment. i've been physical and let's do business and let's start with i slept with the new year has brought with it and you law which is an international first it was already illegal to pay men mold and women for the same work in iceland but now it's the first in the world to make both public and private enterprises accountable to those rules. until now women in iceland have earned an average nineteen percent less than their male colleagues but those days are over equal pay for equal work has just become a must there irrespective of gender ethnicity sexuality or nationality the new law will cover over one hundred fifty thousand workers. so far women have borne the cost of the gender pay gap and if that cost is too high and to reach our goal we're
2:18 pm
all going to have to work hard now we have the perfect chance to do so. the new law affects one thousand two hundred companies in iceland which employ at least twenty five workers who now have to publish their wage scales there are courses to help them implement the new rules on completion companies get a certificate which has to be renewed every three years. this will affect employers first and foremost they're offering the jobs and now it's up to them to shoulder their responsibilities. and be part of this mission with us a pack of help do that so that. it's hope to close the country's gender pay gap by twenty twenty two and the other countries have made similar moves for now iceland is the global pioneer. of a two hour financial correspondent in frankfurt anetta vice to tell us more about this first of all why has it taken until now twenty eighteen for something like
2:19 pm
this aneta. wow that's not a question i can really onset i think there have been many initiatives in many countries but iceland now is the first one who really is in forcing that law as well and make company actually proving a company prove that they really pay men and women equally but one reason could be the labor participation rate of women in iceland because it's very high it is stands at seventy three percent and according to the world bank in germany for example only fifty five percent of them and are working so that they are forced to lobby. power is not as big as of course as the one in iceland that could be one reason and the economy is booming as well an island with troy risen booming and also the fisher industry being at a very in a very good state if you will have to leave it then advice for us at the frankfurt
2:20 pm
stock exchange thank you very much and moving on to another booming economy germany and its jobs bonanza let's take a look at the figures that have been coming through today with german unemployment at its lowest level since east and west were reunited back in one thousand nine hundred ninety the jobs agency he says joblessness dropped from six point one percent to. five point seven domestic demand surging exports continuing to ride a recovery tide in the u.s. china and other european states a total of just over two and a half million people in germany were registered as joe blow's the number of people holding a job reached an all time high experts say that could rise further over the next year let's talk about that with economist gustaf pawnees from the macro economic policy institute the i am k festival tell us how this actually affects the rest of the world germany's job certainly the facts the rest of the world very positive
2:21 pm
because those people have a drop in germany buy goods imported goods so these goods aboard brought all over the place that certainly helps the foreign economies and domestic as we pointed out domestic demand is surging here the u.s. doesn't like germany's economic power there does it no wonder it doesn't because germany has an export surplus and. president trump interprets that as a kind of german. crowding the united states' economy which isn't true actually but it's his interpretation and your policy or your outlook that you've released today . does concentrate quite a bit on mr trump and his policies are you worried that much about a man who's only managed to get one bill through congress so fogger in his term well if you just were president trauma i wouldn't be that much maury but certainly there are other people wrong in the both would certainly say not just us first but
2:22 pm
other countries first and certainly this is a drawback for international trade in the long run and international trade has adversely affected the german economy set by that because we strongly rely on our exports so it rising nationalism elsewhere as well how long then will this jobs continue in germany well at least for now that you think because we expect the growth rate of two point three percent in germany. and that means the drop increase bill go on further this year however if there is any international event that adversely affect the global economy and the investment process we will be halted what about national politics germany doesn't have a government yet it's voted in a new government that was three months ago but. we already seeing some sort of how to business that there are executives who are already saying that the world is watching well it's not yet any harm but in the longer run or in the medium term even we need some action and this government count make any action that we need a decision on the european integration we need an addition on the investment in
2:23 pm
germany and this decision can only be take if you have a functioning government and we're going to have another year of record low interest rates how important is that then that is important because it stabilizes the euro area as a whole but we think that the fiscal policy should assist monetary policy to step in laws of the euro area and we strongly recommend a more expansionary fiscal policy last year's report pointed out that the economic momentum in the euro area is not yet robust a was not yet robust enough to withstand significant rate increases and would grind to a halt in the face of the strong euro appreciation the euro is now at a three year high how does that change things well certainly the year was very high at the moment and that might lead to a more steady lies global economy because we are in exports applause for the u.s. as a whole and we should balance or extol balance and that helps a strong euro it doesn't respect inflation because we need a higher inflation rate in a weaker europe would help them all so far you've mapped out what the mid term
2:24 pm
looks like the long term as far as the next year goes but what about further than that how how do you see germany developing economically and as as a global player but it certainly depends on how investment is developing in germany especially public investment because our infrastructure is burgeoning in the longer run that certainly will adversely affect our economy low productivity growth low real income growth and so we have to fix that economy is good stuff one thank you very much for coming in and thank you very much for your outlook. did you know it takes two and a half thousand liters of water to make a single call to shit a staggering figure that got this next german company thinking in an effort to save the planet and closet space it's come up with a kind of library folk comments. this is a pop up store with a difference fashion house clyde high dot com is opening a temporary outlet here in its home city of hamburg. for the next eight weeks
2:25 pm
customers can take home outfits in the latest styles for the season by simply borrowing them. that's the best way it's a man i've just borrowed this coat and the skirt it's a new experience for me and so far i really like it may get fed to say i just need to scoot yesterday sustainable and that means desson up this waste. i think is a great idea i hope it catches on clyde and i does most of its business online customers can subscribe for forty nine euros a month for the money they receive for garments which they can then wear for four weeks to founders take laville kidding and fendel it's more than just a business idea they hope to change lifestyles. this might sound corny but the big vision we have is that consumption patterns have to change. and they can change and we can be at the forefront of that make our contribution
2:26 pm
and some bad thoughts about us nearly two thousand items are currently in circulation they consist of clothes for up and coming designers along with selected been to jail terms and even pieces contributed by customers five employees are busy choosing the shipping receiving and if necessary repairing the clothes the owners say they're reinvesting their profits to meet the company's growing demand. tactic it's a decision i have to make every day do i take the money home or do i use it to develop my business to make it more user friendly better for the customers with a bigger selection is that. the company opened the store so that customers could see the kind of things they could borrow they can also buy any. thing that strikes their fancy and when the store closes at the end of february all the clothes will go back to the warehouse but that's all it will be taking back to
2:27 pm
stay true to its philosophy it rented all its furniture and equipment even the pictures on the wall. and just briefly u.s. regulators have blocked a chinese firm from purchasing american money transfer kompany money citing national security concerns the move to flee ns the one point two billion dollar attempt on chinese company and financial to acquire money gram the decision was made. with reviewing form of u.s. business as it reflects growing unease in the us of a chinese acquisitions of technology front and financial is owned by jack ma the founder of the popular e-commerce site alibaba. stories becoming the first country in the world to bring in. men and women the same jumps from. business week.
2:28 pm
2:29 pm
a good start to twenty eight. we ask the experts. your moment. total. this is the deadliest come to life combat and let's go right to our correspondent he is in central istanbul i'm joined by the show a couple of you know these political correspondents on those stories in just a minute but first this news just in and it's all about the perspective closer. they live to serve the. danger lurks in the water we were there all year long surfing waste and and polluted water not only being the witness but it kind of being victims i mean we see you troubles all gastric troubles. basically this a sort of always moment a backup of the nation full i was on
2:30 pm
a shelf. is really decent and you know it's sad to go somewhere every day and see more of them from issue to time sort of assumed gives me everything the waves the wind have to give something back to me and i can apply inch to me seem to many of the others. point waves surfers fighting against unseen pollution the sea started in january seventh on t.w. . greetings from the german capital and a warm welcome to our latest edition of the new year is.
32 Views
Uploaded by TV Archive on