tv Business - News Deutsche Welle January 25, 2018 6:15pm-6:31pm CET
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hometowns resorts in cruise ships or online. or have you found the domain signing send us a picture that shows the w. in your room you can bring great drives to d.w. dot com travel quids. us president donald trump aza arrives at the world economic forum in switzerland he went to davos to push his america first agenda step to go audience of world leaders and business big shots. as the euro hits another record high of mario draghi still says the european central bank doesn't plan to hike interest rates anytime soon. business from. the most from the.
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davos trying to sell his american first agenda shall we say less than an enthusiast for out of dyed in the wool multilateralist an already fired a volley of punitive chops to press his own the audience so the world leaders and business big shots are unlikely to talk not to the idea that isolationism made in the usa is good for the rest of the world economy as his advisors have been briefing day one of the u.s. president's visit to the alps was dominated by bilateral backroom deals the big moment has arrived donald trump is in davos mr america first himself and what's mostly been an assembly of multilateralist the elephants in the room have names like trade wars and punitive tariffs expressions that stand for the u.s. is in a word pivot in contrast to european appeals to look beyond borders but that's not a unified stance the british have a tight rope to walk they have to sell themselves as a country open for business despite brags that impending free trade is
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a topic that i have to go with the president to the polls we're very keen that we'll be able to do that free trade agreement when we leave the european union with the united states of america. we're going all that of avoiding working on how we can shape. may and trump are due to meet in davos today ahead of trump's arrival u.s. treasury secretary steven minucci was already selling his boss's strategy early lots of meetings again lots of discussion this just focused on international trade what's good for the united states is good for the rest of the world in terms of growth what that actually means in practice has not always been easy for the international trading community to decipher many in davos will be searching from speech on friday for additional parity with not. so the eagle has landed but the spotlight today is on another leader who has a difficult sales pitch to make or at least was expected to britain's foreign minister tourism a was addressing the forum today to explain how she wants to surgically remove britain from the e.u. without damaging our own and the e.u.'s economy too much it would have been
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a hard sell to resume as finished her speech and then humphrey has listened in for us and joins us now from davos i think she should yes she is that. how was may received did she manage to convince everyone that brags it actually is a good idea. hard i think it was too hard to sell and she didn't day one just listen to that speech there for him to resign may in which she hardly mentioned breaks it at all at least not by name i think the reason for that was the fact that she had her fingers so badly burnt at the congress hall here in davos last year that a speech in which she spoke about more trade reaching out to partners past the european union brags that means bragg's it and everybody listening to that speech felt that she was talking about colonial times and harking back to rupert just
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didn't go down well a tool this time around the congress who was around three quarters full and she spoke about tech instead which was an interesting choice bearing in mind there are many qualified people here to talk about tech but she said that social media companies must work to make sure that extremist content is removed illegal content is removed and she said that britain was working for become the world leader in artificial intelligence and robotics now that was interesting comment as well which also raised a wry smile bearing in mind that many of the people working in this industry in great britain come from abroad and their future was in peril with the brakes it deal so the main message was taken from the british prime minister to resign may instead she left it to the finance minister for the payment this morning to talk about rex at ten ten to that panel on global financial risks and he said that if the city of london is hurt by brakes it it will only go on to hurt europe he said
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and the european economy which was quite a strange comment to make bearing in mind that many financial services have already moved some of their employees and offices to amsterdam frankfurt paris dublin to make sure that they have a foothold in the european union so a little bit of double speak they're going on but that job was regarding brakes it left a foot at home and instead. that's very strange choice of topic there for the british prime minister now donald trump has arrived but he'll do not speak until friday what's he up to today. he's just walked past through the congress hole behind me it was absolutely packed out he came through the corridor or he said switzerland great country and he was asked what his message was a davos and he said peace and prosperity we understand that he was then on his way to speak to the british prime minister to resign may concerning foreign policy so
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topics such as syria and north korea despite the fact that the white house had said previously this week that he had no time to meet with it to rescind may so a change of attitude that we understand that this evening donald trump will then hello holder denah reception with company heads looking to drum up investment potentially bring jobs back to the united states of course will be his cool before as you mention tomorrow that address that everybody is waiting for despite the fact that the devil salit maintains that they are open to globalization everybody is waiting to see what donald trump will say and we expect that he will tell his america first policy that what he will extol the stock market rally off the stock market rally that we have seen in the united states despite the i.m.f. warning about the potential of a boom and then a bust cycle as well so where there will be some of the topics that donald trump is likely speak about here tomorrow we shall wait and see thank you very much helena
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humphrey. doubles for us. as the euro rich just its strongest level against the dollar in three years today the e.c.b. said it is not planning to hike rates anytime this year european companies are getting increasingly worried that their products will get more expensive abroad boss druggy remains unimpressed here's what the president of the european central bank has to say he said the recent volatility in exchange rates represents a source of uncertainty which requires monitoring and not much more since mid december the euro has gained six percent against the us dollar hitting one twenty five two today which is the highest level since the end of two thousand and fourteen that rally is based on investor expectations that the city plans higher interest rates soon but these to be remains unphased it has also left its stimulus programs in place there i asked our man at the frankfurt stock exchange how the
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market is reacting to these news. the market reacted first rather benignly it took it in its stride because one realized that the recent surge of the euro might be the right time to announce that the e.c.b. was even perhaps adding oil to the fire and saying that at some time rates would rise and the quantitative easing that is the bond buying the pumping of billions into the economy would stop or would start coming to an end so that was not a surprise but a very good driver these comments were apart from the comments that you quoted he also said that the e.c.b. was comfortable with the current level of the euro and that it didn't target certain foreign exchange targets and that led the market to believe well it's a dollar they don't really care or they don't care to stress that they care and so
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the market now is speculating against the european central bank whereas the breaking point when do they care that's where the euro searched and when the euro surged the stock suffered because mainly the argument that it hurts exports here. well about in fact that the garbage dump of the world that's what environmentalist call china the company is the world's biggest importer of rubbish some fifty six percent of the world's plastic waste and up that but that's going to change since the beginning of the year that has been an import ban and falls on two dozen different recycling materials that's a huge adjustment china's garbage industry and that's no more evident than in the city of you you gave you around two hundred kilometers from hong kong people live from garbage keyboards laptops mobile phones millions of tons of waste mostly from other countries it's delivered here to the industrial estate on the city's outskirts where it's dismantled by hand and then sold on. although the dismantling
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of old electronic devices is the leading industry in gave you we should say it was more of a trade of an industry but the dismantling of old electronics is essential so the local government had an obligation as well as the ability to lead to standardize and make it scientific. this used to be dismantled in the courtyards of small family businesses materials like couple were extracted plastics were shredded thousands of small businesses most of them illegal now of the garbage industry has shifted to the official industrial park. i think it's fine for us working here but it gets hard on warm days we've been here since nine hundred ninety nine but my body is in good condition. the garbage mountains and give you a receding as china bans more and more waste imports plastic old c.d.'s textiles twenty four different materials have been banned since the start of this year too
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dirty too dangerous the government says so the fundamental purpose of the ban is to solve the problem while encouraging the recycling business to focus on domestic. the country creates enough garbage of its own to satisfy its thirst for raw materials and the government wants that waste processed cleanly and legally the end of a cottage industry in. and that's it for me it is a bill peters now and the rest of the business team here in the. us will have an update for you in. world markets thanks for watching.
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or empires came from jurors or dealing with any of that i killed many civilians in the. coming clearing my father was so there's a lot was a struggle we call me i wanted to build a life for myself like these totally but suddenly life became elish kind of. providing insights global news that matters d.w. made for mines. in the way they don't know what's the most careful does call it the get take a look up. that is just a simple she doesn't know for much. but again i just come into the. they make a commitment. they find solutions. in stronger. africa
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. stories of both people making a difference shaping the nation. and their continent. one has no multimedia series for africa. dot com for go on the move. hello and welcome to quadriga this saturday is international holocaust remembrance day the murder of more than six million jews by the nazi regime is a defining fact of germany's post-war identity and the country has worked to confront it yet anti-semitic attacks are on the rise in germany the political dissent of the right wing nationalist party now represented.
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