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tv   Business - News  Deutsche Welle  January 5, 2018 6:15pm-6:31pm CET

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twenty centimeters of snow was dumped on new york city shutting schools and groundings dozens of flights. leaving the parks to fill up with families and to feel less. you're watching d.w. news still to come on the program as america's trade deficit rises can donald trump keep his promise of protecting american industry from foreign competition bed facility has the answer to that question and business news coming up in just about a minute's time i'm sorry kelly in berlin soon can sit.
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back and 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. the fruitless tree starting january fourteenth on t w. mind the gap mr trump that thorn in the u.s. president's side the trade deficit just got bigger digging deeper despite his america first campaign. proposing safeguards put in place after the deepwater
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horizon disaster the trunk administration proposes opening nearly all u.s. coast lines to offshore drilling. and turkey's economy is boasting impressive growth is it sustainable. and let's do business the latest news on the u.s. economy does not bode well for donald trump despite his america first policies the u.s. is buying even more foreign goods and services than it's selling the trade gap reaching its highest level in six years. america first is the policy donald trump has preached ever since he entered office he believes more should be done to protect american industries from foreign competition and he's been especially critical of the u.s. trade deficit with china. both the united states and china will have a more prosperous future if we can achieve a level economic playing field. right now unfortunately it is
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a very. fair one not much has changed since the speech in november some economists say that's because u.s. president trump's argument is flawed they argue countries like china are not to blame for the trade deficit but rather u.s. consumers americans consume more than they themselves produce the latest u.s. trade stats may be a case in point even with a weaker dollar and on the back of higher exports americans still appear to be spending more on foreign goods. the troubled ministration wants to open almost all of the u.s. coastline to offshore drilling energy companies are cheering several coastal states found to do whatever it takes to stop it happening. the five year plan calls for forty seven new offshore leases opening waters that have been off limits for decades including areas off the california and florida coasts is a move that the u.s.
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interior department says is in the nation's interest but it is a clear difference between interview we've made. and under president we're going to have the strongest energy houses. are we certainly yet it's a do that the proposal follows last week's announcement of plans to roll back or even repeal safety regulations adopted under the obama administration environmental groups have vowed to oppose the move and are organizing protests offshore drilling is is inherently dirty it's an awful lot of work there will be an oil spill such as was the case off the coast of santa barbara in two thousand and fifteen where hundred thousand gallons of oil spilled into the ocean killing fish marine mammals and other wildlife. and you can go as far back as two thousand and ten to the b.p. departed horizon spill which spilled millions of barrels into the gulf of mexico
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the plan has already drawn heavy criticism from several coastal states among them the carolinas and california also in florida where memories of the deepwater horizon spill remain fresh the two thousand and ten oil platform explosion claimed the lives of eleven oil workers and devastated the gulf coast. energy analyst is with us how do you good to see you again are you just excited about the move as the american energy industry is. well the u.s. wants to become a global leader on oil production that's for sure that they do this for many years now especially because they have fostered at the fracking or oil exploration we have an hour for oil on the international market so it's more a political decision really to increase also the offshore drilling which is a high risk a technology that just how high the risky is it. just we've seen pictures
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of the environmental disaster that was caused during the deepwater horizon incident back in two thousand and ten is there a chance of that happening again considering we're talking about almost all u.s. coast lines that could be drilled. yeah it's a high risk technology especially because if it's very close to the coals and we have seen these accidents and this causes a lot of damages to the environment to the sea and also to fish and birds and this risk is very high especially if they allow it everywhere almost everywhere and we have environmental protection areas which are very vulnerable and it's not really desirable to go in that is tell me is the business worth the when oil prices. so low and the cleanup costs of such disasters is so high. now the business is not worth it at this times because we have an oversupply on oil on the international markets the us is exploring already
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a lot because of fracking we have an oversupply and this is why the oil price is quite low at the moment it's unlikely that it will increase so the environmental damage as a potential potential environmental damages might be too high so as you say a political decision trump. giving a present to his supporters. yet to his supporters it's a fossil based a political position fossil industry and fossil fuels dominate all the political decisions of ministration and this is so one point of it so we see it again and our environment doesn't play a higher role or a specific role in this trial decisions or president's decisions and this is why they once again decided for the fossil industry and against the environment energy analyst kelly mccann but thank you very much for your analysis thank you apple says it's i phones and macs are affected by the security floor and intel processes
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billions of devices a bone robel to hackett's intel knew about the flaws long ago and the behavior of intel's chief executive officer before the revelation raises serious questions. apple says the bug affects all of its devices that means everything from i phones to apple watches is potentially open to hacking the company says it's unaware of any exploits aimed at the flaw that is specific hacking attacks it plans to release patches for operating systems and it safari browser's the bug is a nightmare for us tech giant intel but also for consumers one common patch known as kaiser devours energy and slows the fix device scrutiny is now falling on intel leadership c.e.o. brian presented sold thirty nine million dollars in company stocks and options months after learning about the flaw but well before his disclosure intel says that sale was unrelated to the chip problem the company says it had planned on going
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public with the bug but had been working on a fix in the meantime. turkey's economy has proven surprisingly resilient despite political uncertainty but dark clouds are gathering on the horizon let's take a look at some of the figures gross domestic product took a big hit in twenty sixteen after a failed coup attempt as you can see there but then brought back a surge in construction and government spending growth on track to exceed six and a half percent in twenty seventeen but inflation remains a major problem at the end of last year annual consumer price growth hit almost twelve percent and that's impacted the turkish currency the lira on a long slow decline three years worth over fifty u.s. cents five years ago now down to around half that what we currently helps make turkish exports cheaper but reflects lack of confidence in the economy and that's making it increasingly difficult for many turks to make ends meet.
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activists suddenly had to get used to serving tea for the last four months he's been working as a temporary waiter in this istanbul coffee you know he'd never imagined things could come to this only last summer movie that was the proud owner of a small hotel he was the boss but the economic crisis room and his business he went bankrupt was forced to sell up. details also to crush like there was just such a huge difference between what i was and what i am now. i hosted mainly european tourists in my hotel but they stopped coming and i started to lose money. and the last two years my business collapsed completely. lots of turkey's businesses have gone the way of new hats on the stumbles main shopping boulevard the lively misty club the signs of economic malays are everywhere. turkey's inflation rate has hit
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a fourteen year high and the lira is constantly losing value creating problems for many. but to me to look that's all we now know that you are so it's got us to go out a lot to eat but that's become a luxury for us as there are. reasonable and we're always comparing what we were able to buy and what we can buy now but that's not much use. we only lose money because of years of bad policies. we are not in the discontent is rife even though officially the economy is booming skyscrapers a sprouting up in the stumbles financial district thanks to state subsidies the week earlier has seen exports increase president reggie one claims that the economy grew by as much as seven percent in twenty seventeen the main ego economies don't even come close to that. economist. doesn't trust the glowing figures he says
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turkey's economic miracle is built on sand we do have an investment boom the structures as you know istanbul is now covered with this skyscrapers but that's the most money doesn't productivity growth it is what the economists call sustainable we can't go like that who had acted has his own crisis to deal with after he's finished his shift in the cafe he often walks past the hotel he owned not so long ago. but more that's already given up hope it might one day be his again. use your. business with you. and i'll see you again very soon here on you otherwise have a nice weekend it will be up things. was
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biharis from poland and down and out in burma. she's one of thousands of eastern europeans who live on the streets of germany's capital. for them to live with no
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money. in their home country. as their numbers increase so do the social problems our. crew. is busy gathering is coming to them but let's go right to our correspondent he is in central istanbul i'm joined by the show a couple of years but it will correspond there on those stories in just a minute but first this news just gets all about the perspective closer d.w. news. thousands of children go missing every year in china they all sold on the drug market. town jingjing is searching for her son all by ourselves. without any help from the omar a tense she's courtroom of hope and despair she finds for a mother's rights. so much time changing such as for her some.
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reporter on d w. sustainable protection for the earth ideas designed to preserve our ecosystems the exist around the world. global ideas takes the next step protection for our planet's biological diversity trailblazing projects. t w dot com slash global ideals. in. a low in a very warm welcome a day to focus on europe i'm peter craven a new presented.

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