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tv   Business - News  Deutsche Welle  February 20, 2018 6:15pm-6:31pm CET

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all right before i let you go want to remind you of our main stories there right now and your battle has opened in syria as pro-government fighters confront turkey there helping syrian kurds defend the region of are fighting against the turkish offensive that began last month. all right you've been watching you've got the news thank you so much for watching i will be back at the top of the hour thank you. and why.
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a trip airplane. seventeen thousand kilometers in six weeks. and screams. for an experienced. touching story. oh this is our home is god's country of turkey listen the other better pleased him comes from kilometers through canada starting february twenty seventh. a trade war is brewing between the e.u. and us reports the european union is preparing to count to ten have some american products from motorbikes so whiskey. bob sell from jr arrives in india to hold his luxury apartments while preaching foreign policy sounds like a conflict of interest. and cash strapped venezuela launches
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a virtual currency the petro a stroke of genius or an act of pure desperation. i've been fizzling let's do business and trade war is in the air and the e.u. is preparing for it authorities are getting ready to slap high tariffs on american products like whiskey orange juice and motorcycles if don't trump carries out his threats to hit imported steel with punitive measures u.s. secretary of commerce wilbur ross says suggested the likelihood of putting a twenty four percent tax on all still imports or introducing a quota china has already promised to retaliate by putting quotas on u.s. soil and other agricultural products and there are reports the e.u. is ready to implement tariffs on targeted american products within days i asked our process correspondent muscle fund what the you has in its arsenal well first of all the u. commission confirmed to d.w. news that they did they have appeared to retaliate in some kind of way ever since
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the g seven last year i don't really know if you remember that when trump announced that he might be in the game for some some terrorists here and they have two ways of retaliating the first of all is of course they could slap on and you just mentioned been there are terrorists goods they choose motorcycles whiskey those are among those you mentioned earlier but of course they could also file an official complaint with the world trade organization what we're hearing is that the european union will target products from republican states now that sounds like the e use getting involved in politics. you won't get anyone here in brussels to confirm that officially of course if you focus on the products like motorcycles in wisconsin or harley davidson at least or whiskey in tennessee and kentucky you can associate those goods with states that can be associated in return with some
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politicians from the republican party or with the majority of republican voters i would be very careful with that why because those lists originated a long time ago under george w. bush we understand because of course there have been many trade tussles between the european union and the united states in the past already it seems they might have been updated now under the trump administration because it seems like this administration will really change course on trade but like i said they originated in a different time and really meddling here with the internal policies that's nothing that anyone here officially would confirm i think what we do know though is that both sides are preparing for the. but as you mentioned there are ways around is the w t o the world trade organization which trump doesn't say it sounds so interested in he sounds more interested in the around these types of institutions but surely that would diffuse any sort of trade wall. i think though that the easiest way of diffusing at least what you could call
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a trade conflict here between the european union in that states is the trump of ministration chooses to not impose any tariffs on steel production in the european union and that's not a far shot because the main target here isn't the european union but china so it seems like not unlikely at least that if they do impose tariffs on steel production it would exclude the allies for example germany in the european union the european union as a whole and also countries like japan but if they don't well do we have a trade war then we probably will have retaliation but like i said earlier you know this is nothing new there has always been some scuttlebutt line of route between the european union and the united states for example in the agricultural sector so calling it really a full blown trade war i probably wouldn't do that but yes it would be taking a step back and having a trade. off of course brussels thank you the trump family is taking its famous name on
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a marketing blitz to india donald trump jr has arrived in delhi to flog luxury of poppins and glad hand the wealthy indians who've already bought into a trump development just outside the capital potential buy is a being looted in by deano with the u.s. president's eldest son if they sign a sales contracts by thursday. donald trump genius meeting with indian real estate developers didn't escape the media's attention he's come here to find buyers for a development outside the capital deli welcomed and surprisingly with open arms by his local business partners it's a great discussion to have as themselves here he wants to understand what is the minds of the buyers what is the success of the will so far in terms of its revenue was when is the construction starting with a lot of intense discussion which is happening with himself the complex features one hundred eighty luxury apartments in true trump style with a golf course and shops attached. but that's just one of several projects in india
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bearing the trump name other developments are currently under construction in calcutta and mumbai the latest projects come to spite accusations that trumps president he could present a conflict of interest with critics accusing him of not sufficiently distancing himself from his family's business interests. what's trump judy doing exactly and who's he representing on this trip well donald trump jr is here he says not on a political trip he's here strictly for business reasons he's here representing the trump organization which he and his brother are now at the helm since his father became president last year were last year and yes he's here doing that he's meeting business leaders while he's here is going on a whirlwind trip around various cities across the country but he is also making a speech on friday which is further complicating the picture whether there's
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conflict of interest here is giving a speech on friday at an event a business summit that prime minister narendra modi will also be attending and he'll be giving a speech today discussing the future of indo-pacific. exactly well if he's going to be lecturing foreign policy while at the same time trying to flog a pop and that sounds like a conflict of interests. yeah i mean it's certainly something that a lot of people have been raising particularly i would say in the u.s. media based here and there have been articles sort of missing these issues by by many u.s. outlets and from their bureaus here the washington post c.n.n. and the associated press i'm a bad sort of raise this issue but if the indian newspapers are anything to go by in terms of of what the reception is here you might think that that he's actually being received with open arms you have got the times of india from a few days ago and you see here there's a four page ad on the front page of the times of india sort of advertising that
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ship and if you just go into the second page here. is that an image of donald trump jr and it's saying you know chump is here and advertising that potential chance to have dinner with him which a lot of people are raising as an issue that you know essentially advertising access to the president's son exactly i'll just let let me ask you this question what what signals of the world's biggest democracy is he sending to other countries i mean i think the signal that's being sent is that business is a major priority and so that's why you've got the charm family which obviously donald trump sr is the president of the united states now but it's obviously a major business family prime minister narendra modi has always sort of presented himself as a business reformer pro-business leader and it's interesting that this is happening at the same time that the median prime minister justin trudeau has actually been in
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town this week as well and people have been saying that he's not been getting as warm reception as donald trump jr he doesn't have any apartments to float doesn't assist thank you very much for joining us from delhi. venezuela's economic crisis as usual government strategy it's launching a crypto currency called the petro the oil backed digital currency goes live today there are doubts it will work and there's opposition on legal grounds. if you can dispute just how badly venezuela needs a plan hyperinflation shortages and soaring debt have brought the country to its knees and its citizens to the streets. when venezuelan president nicolas maduro announced plans to launch a new crypto currency some viewed it as an imaginative way out of the crisis and as a workaround for western sanctions that effectively keep venezuela from raising
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cash from bonds and this is going to allow for advancements in international financing for the economic and social development of the country the new crypto currency will be backed by reserves of it is going on while old oil gas and diamonds get funding for not having israel announces the creation of its crypto currency a big fan of. the fact i have only. the idea is to link venezuela's oil reserves to the value of a petro with one hundred million petro tokens worth around six billion dollars being issued initially but not everyone is convinced venezuela's opposition controlled parliament considers the petrol a ruse to borrow money using the oil as collateral circumventing laws that demand legislative approval from. and many observers are skeptical of the solution to be managed by authorities like the central bank whose policies helped create
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venezuela's woes in the first place. now here's a figure looking good story for you or as my producer kevin cody likes to say can go on fast food giant kentucky fried chicken has run out of chicken most of its nine hundred outlets across the united kingdom the restaurant chain recently switched its delivery contract to d.h.l. to save money the german delivery service blames the problem on operational issues ok if he can't say how long it'll take to get that fresh chicken back into its stores but it has set up a page online showing customers when restaurants back in business. if you can get your chicken fix nice doing business with your business a little so you'll get very. clear cut cut cut cut cut. cut cut cut
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cut cut cut cut cut cut. cut cut cut. cut. cut cut cut cut. cut cut cut. cut. cut cut cut cut. cut. poverty as many faces. her. mum was. her the gap between the poorest on the wealthiest and keeps growing muckle increasing inequality is dividing the world to a place in
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a rich society to her focus on her mum's to long to live. climate change so. waste. pollution it's just. isn't it time for. eco africa people and projects that are changing our environment for the better it's up to us to make a difference let's inspire the charge to. keep doing the farming magazine the first. long t w. where i come from we have to fight for a free press i was born and raised in a military dictatorship and just want to be shadow and a few newspapers with official information as a journalist i have work all of the strengths of many can trust and their problems are always the same or do the social inequality
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a lack of the freedom of the press and corruption of the gun afford to stay silent when it comes to the fans of the humans on the scene or why the poles who have decided to put their trust in us. my name is jim paris and i work a day a dollar to. prosperity optimism that's the power of global trade global three thousand brought to you by d.h. oh. this week on global three thousand we all squishy it means to be poor in
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a rich country in a single night in two thousand and seventeen there were more than half a million homeless people in the u. .

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