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tv   Business - News  Deutsche Welle  February 8, 2018 2:15pm-2:31pm CET

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i'm not proud of and they will not succeed in dividing us and our not succeed in taking the people off the streets because we're tired of this dictatorship. taking a stand global news that matters d. w. made for mines. they make
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a commitment they find solutions. they inspire. africa the. stories of those people making a difference shaping their nation. and their continent. w.'s new multimedia series for africa. dot com africa on the move. with the. international economic heavyweights report about the export figures today germany and china but which country is doing so well it's running out of a key part of trade wooden pallets. canadian prime minister justin trudeau finds a warning shot of washington that's not the negotiations drag on he says. no deal
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could be better than a bad deal. and how's this for an in your face grocery bill tesco slapped with a four billion pound lawsuit of failing to pay men and women equally. and it was all let's do business bolen's finally got some ammunitions you ease international criticism over its huge trade surplus it shrunk for the first time in eight years and that's despite german exports hitting an all time high for twenty seventeen the nation behind die in the bents at the added us and banks being shipped close to one point three trillion euros worth of goods to the rest of the world an increase of more than six percent compared to the previous year's figures which were also a record imports increased as well to just over a trillion euros that had a welcome side effect it narrowed germany's and tourist trade surplus to two hundred forty five billion euros germany has been drawing fire from the u.s.
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and other trading partners over the imbalance for a long time now let's go over to daniel cope our financial couch correspondent in frankfurt who's following this story for us so the trade surplus is a subject again daniel but this time it's actually struck. yeah exactly products in germany are still it's truly popular but there's this double or more standard yes that has been going down for the first time in eight years about four billion euros less in two thousand and seventeen compared to two thousand and sixteen yes but whenever germany is being criticized about this surplus we also have to remember that germany for example is always heavily criticizing china again accusing them of producing steel for example at dumping prizes and saying that because of this the steel industry here in germany is being hit very hard to so yeah it's a little double moral standard when we're getting these numbers here today everyone's
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trying to tell everyone else how to run their countries how how does germany's success rub off on others or negatively affect other nations. yet this is in fact the case mostly countries here in europe are suffering with this spain for example italy they would love to produce more but germany for them is still the biggest competitor but experts are also telling me that at the end this also could be harming germany as well because when we export more than we import we give in many cases a credit to other countries if this is this is ok at a normal level but if it gets too big it can be actually risky because of this development germany owns lots of bonds for example from the united states in case we would see another financial crisis happening the value of those bonds could go down so then we would be losing some money and also this makes us very dependent on
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other countries as well and then you're talking trade the e.u. is bracing for a long good transition talks with the u.k. which could give it less time to talk trade. yeah exactly still so many. soft issues rise of e.u. citizens trade a certainly a key issue the original plan was only to have a twenty one month at transition period to reason may really wants to have a free trade deal to start in january in general twenty twenty twenty one in twenty one sorry and now she has been publicly denying that she needs more time the e.u. says though they are flexible but many countries france for example are saying that all of this needs to be solved very soon for us in frankfurt another economic heavyweight reporting similar figures to germany china its trade picked up in january after stumbling the previous month what's new is
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a surge in imports imports forty percent year on year boid by rising commodity prices and consumer spending exports jumping to by eleven percent the china's trade surplus narrowed that being closely watched by the us is the two nations tussle over trade trump administration has increased judi's on chinese washing machines in seoul about jools beijing retaliating and dumping investigation of the us. you know your country's experiencing it tends export boom but it runs out of something is monday night as the wooden pallets used to transport goods that's what's happening in germany and it doesn't matter how good your planning is there are so many factors involved from the machines that make the pouts to the forests the produce the wood. the family owned company a monster is running at full capacity now in its sixth generation that specialized in producing wooden transportation pellets forty years ago. the head of the family
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says they've never had to cope with the kind of demand they face right now. near the shed was piled high from wall to wall with pallets now it's cleaned out. that. the economic boom industry is literally pulling out pallets straight out of the dryer and straight onto the trucks we can hardly even manage to build up a small buffer as a reserve. took on twenty new workers now with a total workforce of ninety the company is having to work in shifts just to keep up with the demand. last year germany's pallet manufacturers turned out one hundred ten million of them. that would fill up over one hundred fifty thousand forty ton trucks. the sector association says output has doubled in size ten years . investment in vehicle in general the companies are scraping the production barrel
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basically they're trying to squeeze everything they can out of their production lines with extra shifts holding people back from holiday times essentially taking all possible measures to ensure that every last minimal capacity is utilized just to make sure the demand is met somehow nothing would be deeply. think of ideas waiting impatiently for new machinery. would dry years and heating systems were ordered a long time ago. but the economic boom is evident here as well. as there aren't enough of the companies left that make our special ised machinery those still on the market today have extensive lead times we sometimes have to wait two or three years for a new machine. even the mild european winter is a factor behind the shortages joint managing director marcus winkle hider says it's hard to get wood from eastern europe right now. logging in eastern europe is done
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mainly in winter there's a lot of moral and they can only access the forests when the ground there is frozen and there's no swamp and they can get the machinery into fell the trees right now the ground won't support the weight of the heavy machinery. think it is lucky it can process locally sourced wood in its own sawmill that means it can compensate for the shortage of eastern european wood for now at least. deal may be better than a bad one that's the warning shot canadian prime minister justin trudeau has fired at the united states over nafta the north american free trade agreement he says he won't accept anything that doesn't benefit canadians that's the same tack us president of trumpets taking comments setting up at your leaders for a showdown. it's been one and a half weeks since the latest round of nafta talks between canada the united states and mexico concluded with the go shaders saying they're moving forward but with a very slow progress during
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a visit to the united states canadian prime minister justin trudeau indicated his government is willing to compromise on renegotiating the trade pact that u.s. president donald trump called the worst trade deal in history but trudeau's said there are limits we know there are ways to modernize and improve off that in a way that will create a win win win when we include mexico there is a path absolutely for that but we are not going to take a win loss just for the sake of getting a deal there are several sticking points in the talks like demands from the u.s. delegation to have more u.s. content in north american made automobiles that makes the deadline to wrap up talks by the end of march the man vicious to many observers the pressure is on the negotiators to reach a resolution before the mexican general election in july and u.s. midterm elections in november. women's global fight for equal pay with men
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is gaining traction and could cost companies a pretty penny the british supermarket chain tesco is facing a record bolstered for the u.k. if the claims exceeds retailers could be exposed to demands of billions of pounds in back. the lawsuit comes with a whopping request for compensation four billion pounds or about four point five billion euros it claims that workers in tesco distribution centers mostly men were paid considerably more than the largely female workforce in the stores themselves the difference three pounds an hour or about fifty seven hundred euros a year plaintiffs say the jobs deserve equal compensation but we deal with customers they don't have to deal with customers but we you know we take the stock and we know the stock they they load off that henri and we know down to the shelves the legal claim comes with the gender pay gap very much in the spotlight in britain the resignation of carrie gracie as b.b.c. china editor last month sparked
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a government investigation into paid bias at the broadcaster the government is also pushing a law that requires larger companies to publish pay gap data but there's already an equal pay law on the books it's more than thirty years old and is routinely ignored according to the tesco plaintiff's lawyers stefanos goodness it's nineteen eighty-four that you can compare with a different job that's thirty four years to get your house in with the law firm aims to achieve change through the courts it's also suing british supermarket chains sainsbury's and as a wal-mart subsidiary. i think business with. the bottom of. the but. we've. moved. to
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