tv Business - News Deutsche Welle March 1, 2018 6:15pm-6:31pm CET
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slowly drifted into the eggers and bridge breaking the boat's mast. watching d.w. news live from baghdad still to come global produces steel themselves focusing on new targets for the white house keeps the ways of the football and our business update with monica judge in just a moment. couple feet of the talk i'll be out of a day. to. learn german with w. . any time any place. whether with jo jo and her friends. colleagues is going to be looking at doing a lot of mischief spritzes researchers are looking towards
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a war with friends all over the world. online and interactive. and german to go. and learn german for free christine w. p p. good. but. no word from the white house as global still produces expect punishing new terrorists donald trump puts off a much anticipated announcement we look into the possible reasons what's behind the delay also coming up your of a mystery into one reason so many bees dying. welcome to do business i want to get jones in but then all stocks in u.s. steel makers have pad to their games to. equivalents are rising and that's as the
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white house says they'll be no announcements today on fresh aluminum or steel tariffs instead president on a trump and his top advisers are holding a so-called listening session with industry leaders trump has threatened a shop increase in import tariffs on all steel making countries which he says will protect america's producers while industry insiders expect some increase many within the trump administration have criticized the quota terrace of twenty four percent or more. well let's dig deeper on this particular issue with my colleague daniel venter and first of all daniel i mean i know this is just sheer speculation but what are we to make of this back and forth today was some kind of chaos going on in the white house at the moment i mean i know that the defense department told the commerce department actually we're fine we're getting enough u.s. steel we don't need these tariffs to be put into place so already these internal this internal wrangling that's going on within the administration is clear and also
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what they're saying is a blanket tariff of for example above twenty four percent as one of the options could do more damage than it would good for the united states and i know donald trump he's always going the extreme angle one way or another he tweeted as usual doing something quite strong a lot like to show you this if i can he said we must not let our country companies and workers be taken advantage of any longer we want free fair and smart trade whether the above twenty four percent tariff would be the smart move is another matter entirely ok so while they still have to discuss that among themselves let's say they will be terrorists what would that mean for europe well for europe it actually be good news at least when we're talking just about steel and aluminum because they were big get the benefit of all of this over produced steep steel which means costs for manufacturers would go down more profits it's good also steel
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makers based in europe you think they must be hit by this but actually the big hitters in europe own subsidiaries in the u.s. their profits would be protected by these tell us saying that u.s. industry would benefit from it which is something that trumps as he's keen on doing it really depends so if you look at steel makers yes they would benefit from this they would make more profits out of it but whether there is really much room to expand the steel making industry in the u.s. is an entire other matter we're almost. full employment in the united states so if that's his move to try and encourage more employment to stimulate the industry it doesn't seem like it's a good one and also all of the stimulus measures that trump is bringing in right now may even fuel over production overcapacity in the economy which would be bad for the u.s. in the end so it might be the could be measured if you mention overcapacity that is something that a lot of people say i mean is all china's fold at the end of the day so briefly is
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it it is and it isn't so china uses a lot of its steel that it produces and it is making measures to cut back on all the oversupply so of course lots of people around the world want to see that push forward and to continue. their explaining to us the ins and out of the possible tariffs coming from the u.s. they get so much for well the same pay for the same work at the same location that's the idea behind an e.u. workers' directive designed to prevent wage dumping but that's easier said than done which is why there's been a heated debate between especially eastern and western european countries and now brussels is taking action. whether on building sites in the freight sector already caring professions hundreds of thousands of eastern europeans head to richer western european countries for work contracts don't have to stick to the host countries pay rates making them like the cheap it's long been an issue in countries
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like germany and france now brussels has reached initial agreement on tightening the rules. at the heart of our proposal is the principle of equal pay for equal work at the same place and we now confirm this prison in legislation this directly responds to the concerns of many citizens the agreement opens a new phase for fair degree of the internal markets our single market works for goods and services and capital it should also work for people. in future workers from pora e.u. countries will earn the same as their native colleagues contracts will be limited to fifteen months and attempts to curb wage dumping but employing eastern europeans will still be the inexpensive option for one workers will still have access to state insurance back home which is often cheaper than in wealthier countries that's a compromise for years the eastern european countries have staunchly opposed
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restrictions keen to retain their competitive advantage thursday's decision has to pass through several committees before being finalized later this summer. germany's business community who would like to see sanctions on russia scaled back now those sanctions were imposed back in twenty fourteen and trade between russia and germany suffered significantly at first because meanwhile things are picking up again last year germany exported goods worth a total nineteen point seven billion euros to russia that is some twenty five percent up on twenty sixteen russia on the other hand was able to boost its exports to germany by twenty percent to twenty one billion euros mainly in raw materials the sanctions ban the sale of weapons to russia as well as the export of dual use technologies exports of energy related technologies and equipment to russia are
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subject to license and on top of that you lenders are not allowed to give loans to russia's five largest state owned banks ok so bilateral trade between germany and russia is despite the sanctions looking good now earlier i asked told our from d.w. in-born whether she thinks those sanctions are having any impact at all. sure they do their western sanctions against russia have affected its business ties with may know if it's western business partners some companies just stopped working with russia because they're facing penalties for that in their home countries others became very cautious about working with russia and the ties between russia and germany are severed as well when it comes to the trade between russia and germany it indeed picked up last year for the first time over the last five years the reason for that is that russia is friendlier recovering after
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a two year recession the g.d.p. last year expanded by one point five percent and the inflation reached its all time low two point five percent also their appreciation of the russian ruble resulting from their recovery of oil prices have been has boosted the importance however it's still too early to say about the complete recovery over the mutual trade between two countries it can't has to be reached depth expresses volume of eight to be lender is last year only reached fifty billion but there has been some recovery and you marette you mentioned that the russian economy obviously took a hit because of the sanctions but it is covering so do those sanctions have make any sense to. if sure they do i mean it is not possible to say that they didn't heed russia's economy at all that heat was basically really have the first of all three sectors that against which the sanctions were introduced to finance the
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energy sector in the defense they. may simply go to a severe hit equating to their estimations and by their international monetary fund russia's losses from the sanctions amounted to one point five percent of his g.d.p. and these figure might also expand to nine percent till two thousand and twenty also the russian economy as a whole was here to fill it because the introduction of sanctions. coincided with a huge slump in oil prices these two that are as put together basically put a heavy pressure on their rebel value which depreciated heavily into right he'd see later only the generous they would like to ask you i would ask you just one last question briefly your arm so if you would german business is really hoping for the sanctions to be scaled down do you understand their wishes do they have a point in that. you know sure they have a point only twenty three percent of companies say that they were not affected by
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sanctions the question is whether lifting the sanctions will result in the boosting the trade because that recent love that we have seen in the trade resulted from their russian recession much more than the actual function that had been introduced ok you're enough in the top of there from d.w. in the bombs thank you so much for this thank you but it's been a troubling trend for years these are dying in huge numbers but why european scientists have unraveled part of the mystery and it leads to the question of whether to approve or prohibit pesticides. need to know it's dangerous of bees that's according to the european food safety authority a new study has found that the insecticide is harmful to both honeybees and wild bees it's bad news for europe which is time to five hundred species of wild bees. in the pasta man because you know it's broadly used to protect crops like corn and canola against different pasts that in two thousand and thirteen the e.u.
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for strix of its application cheechoo a collapse and the b. population insufficient data proving the insecticides negative impact meant that a ban could not be implemented but now the food safety authority has provided the answers even nations could now be poised for a complete bought on the use of nicotine noids out dualists with discussion starting next month and it's not just about animal welfare these are imposed upon h's and without them to yield to vital crops like fruit and connecticut full shop early. that's a business update on d w thanks for watching. more
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intrigued the international talk show for journalists discuss the topic of the week right political parties are increasingly setting the agenda in the european baltic so how should traditional mainstream policies respond especially given that that supposed is often melting away find out on quadriga coming up children. quadriga next on d w.
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it's all happening. and cut your link to news from africa and the world. your link to exceptional stories and discussions hello and welcome student news actually program tonight from funny to me from the news of these events and while i would say de debited comes to africa join us on facebook at g.w. africa. really. the scars on still. the pain still tangible. the suffering for god. for cities edge but. they have survived but do they also have a future. i really understand people who say they don't want to stay here.
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but i also admire people who want to stay here and who decided to create something new coming in peace time what needs to happen if tolerance and reconciliation are to stand a chance of darkness cities after more starting march tenth on t w. hello and a very warm welcome indeed to quadriga coming to you from the heart of burlington though germany's two biggest political parties are currently trying to forge a new coalition government the problem is though that i'm going to conservatives and the social democrats both suffered historic losses in last september's election and it's the same picture in much of the rest of europe where traditional broad based parties are increasingly coming under pressure from bro.
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