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tv   Business - News  Deutsche Welle  February 14, 2018 6:02am-6:15am CET

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kong comes to the us markets after weeks all volatility but with crucial inflation dated you out tomorrow could it just be to calm before the storm also coming up how about hopping on a bus without a ticket and not getting in trouble over german governments on such a diesel benz an evolution could mean free public transport. and could venice's while famous gondolas soon be gone. this is your business update on helen on free in berlin thanks for joining me in the u.s. trade is the say it's the calmest day in new york in almost two weeks this in the wake of a correction with stocks losing ten percent well today banks retailers and tech results pushed the dow into positive territory it remains to be seen though what impact wednesday's data will have on the markets. so let's go over to our financial correspondent in new york yeah quarter yes what's
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soothing or moving the markets right now that bring us up to date. usually traders here on wall street prefer the action that's how they make their money but after all the turbulence is in the past couple of days i guess it was appreciated that it was a rather boring day here on wall street but just for the to sticks it was the third consecutive day that we saw gains in the dow jones industrial average we did see some pressure on health care stocks because there were some reports that amazon might disrupt the next industry suppliers for clinics and for hospitals and that caused some damage for the stock prices of those companies amazon itself again a good two percent but the big question is what will happen to inflation and there on wednesday we will get the latest reading on consumer prices an important goals for inflation and we shouldn't forget it was reports on inflation that wages
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increased by the most in summer of two thousand and eight that started all this action and all those turbulences about two weeks ago and so that's the crucial number that traders are looking for about an hour before trading starts in new york on wednesday and we will day sex it with you tomorrow yes go to on a wall street thank you. now iceland is expected to soon be consuming more energy mining virtual currencies that it uses to cow all of the country's hopes countries become a major hub for the bitcoin mining thanks in part to its cheaper knew of the energy and now lawmakers are talking about taxing the profits of bitcoin mines that's likely to go down well among iceland those who've become wary of financial speculation since a disastrous banking crash a decade ago. how do you like the idea of off free public transport the german government is touting the idea in a bid to get people to leave their cars at home and hop on
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a train tram or bus instead and i said to the european union's environmental regulation laid out the plans to test it on five cities gemini's facing fines from brussels for not doing enough to reduce emissions. the scheme anticipates making public transport free and testing it in five cities but transport companies say they are skeptical about the plan because it is unclear who will pay for the extra vehicles to handle the rush of new passengers there could be other problems too this is something that has been tried and tested in other cities around the world melbourne for instance but also entirely in. there sometimes there was the hope that more people would basically leave their car at home because also what some of those examples did so is that people are also reluctance to leave that comfort zone of their own car behind but if it's for free certainly here and many
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there's a broad wide expectation that people would go for it. germany does not have too many other options big cities have emission levels that exceeded the e.u. limits for years if the european commission believes germany continues to ignore the problem it will decide next month about prosecuting germany at the european court of justice. it's been more than a year since farmers in new south wales in australia have seen a decent drop of rain water is scarce so is cattle feet and eating from this in a precarious situation. these cattle used to graze on rich green grasslands but after a year without rain the pasture looks like this farmers in australia's hunter valley are forced to hand feed their animals if they can because the ongoing drought has dried up dams and creeks the situation is growing increasingly desperate. it's very depressing to go out to a paddock and find that yet another cat has died. some farmers are even making the
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tough decision to kill cattle that have grown too weak others are offloading their animals in the regions cattle auction. there's going to be long term repercussions in this area because they get back. to the really significant in the past droughts have triggered assistance measures like transport subsidies from the new south wales states government but that's no longer the case. i don't think handouts but i think when you when you've done everything possible yourself and you try to grab your property by various measures and you still can't manage. with the slow growing draw every day farmers are left to fend for themselves and look out for their neighbors true relief can only come from above. iraq is open for investors that's the message officials are pushing as
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a major international conference currently underway in kuwait aiming to raise funds to rebuild the country in the wake of a war against the so-called islamic state of the us was not expected to make a donation but it has put a loan guarantee on the table these are some of the people the iraqi government is hoping to woo high ranking officials from the world of politics and business here to find out what part they might play in the reconstruction of iraq. rebuilding a country doesn't exactly come cheap iraq estimates the cost a close to ninety billion dollars the government is offering projects in almost every sector of the economy including in its oil industry and it looks like the message is getting across the u.s. secretary of state rex tillerson announced a three billion dollar loan from ex-im bank to help the country the build the bonds that we've announced that we've already committed and therefore money that we announced today there were are committing our all around stabilization in iraq and
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syria this is the part that then provide the conditions for reconstruction. we have to park restore the basic utilities and keep the area safe and secure in order for reconstruction to be again the conference is taking place just two months after iraq to carried victory over the so-called islamic state it's an achievement the government is hoping will convince international businesses that now is the time to invest in the country's future earlier in the day tillerson laid a wreath at a gulf war memorial a reminder of just one conflict iraq is hoping to leave behind as it braces itself for what it hopes will be a more prosperous future. and more than just a mode of chance for their symbol of romance condon is in venice carrying tourists from all over the world but not might not be the case for long the boats are handmade and their makers have a hard time attracting talent across people. who listen how many honeymooners have
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cruised from venice on those long elegant boats how many memories were born here in roberto trouble undine shipyard. it dates back to eighteen eighty four when roberto's great grandfather set up shop. and santa no in those days there wasn't anyone who could officially teach you how to build a god so my grandfather stole the knowledge and the skills to make one for the masters of the time and then he built a reconfigured version because he didn't believe the ones he was building where yet perfect. days we use the same systems the same measurements and the same ways of working as back then i recommend a book. but that's exactly what's becoming more difficult roberto mancini has trained lots of young men over the years but they've never stayed on. it's hard work making a godzilla eight different kinds of wood are used the planks must first be soaked
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in water and later heated with fire to avoid damaging the fibers in the wood. nonetheless the town's gondoliers say it pays off to do things the old way. that will not come of deep paranoia gondoliers that use gondolas every day. is all about maneuverability there is a lightness when rowing and it has a unique shape and silhouette. to professionals it distinguishes itself from other gondolas and from other builders it. is only on. yet it's a dying craft threatened by not enough talent and the arrival of new technologies. often wonders what gone those will look like in a few years already setting perhaps it will be made out of plastic work like an inflatable boat that you can deflate or to lie no maybe it will be better of carbon
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use for it's already black so you could save on the paint. gondolas will probably always be a symbol of venice though it seems like no visit is complete without a romantic gondola ride on venice's. famous kind o. s. . and now for valentine's day a story about an unusual bank in central slovak you know you won't find cashel gold in the vaults that know you're all the something money can't buy we are of course talking about love ok to bellow i newseum and dedicate it to a famous slovakian love poem entitled marina the vote schools are lined with tens of thousands of love boxes each one inscribed with part of a press this is are invited to deposit momentos of their own love stories where they are to become more valuable as time goes by and love grows. so you're upset with the latest from of the world all of
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a business i'll be back tomorrow same time same place see you then right now here's a look at the world markets.
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beat the germans. and surprisingly instead of losing to culture major. us american music takes a look at germany this increasing use of two traditions every day rights and language. nobody wants our thoughts on. d.w. dot com the german. law . firm.
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we make up oh but we watch as a hospital. we all the symbolism of the slums. being want to shape the continents future tense part of it and join dumpsters as they share their stories their dreams their championships the seventy seven percent platform for africa chart.

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