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tv   Business - News  Deutsche Welle  March 8, 2018 12:15pm-12:31pm CET

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the red bull driver was more than a second faster than reading champion lewis hamilton the season starts later this month in melbourne in australia. he was indeed have been used to demand there's lots more news on our website does need of the dot com including on international women's day but stay with us now helena is going to join you shortly and have the business headlines you're watching the news coming to you live from but it. wouldn't have been fighting for the case to take you seriously in the world of what appears has come out women strong. superheroes. smart talks smart stage a legend recently dangerous time buffer. for mom.
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star stars the maid of sneakers though she. represented. mika architect of east germany's play. in the wind and if i had my way. east germany would still be. master. here which you know. starting march thirteenth d.w. . the starting gun on a global trade war u.s. president donald trump could find off on controversial new import tariffs today will the e.u. strike back. and call shows in the stories for treating women as decoration rather than the experts the wheels of change might be in motion but our reporter says that all still my. this is your business update i'm humphrey
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that you could join me and just a week off the u.s. president donald trump announced plans to trade tariffs on imported aluminum and steel the u.s. president is reportedly set to sign off on them this off the new now that is take effect within a month canada and mexico could be exempt but not the european union and brussels announced yesterday that it's poised to strike back it could be the beginning of a global trade. donald trump's tariffs could soon drive up the price of imported steel and aluminum in the u.s. but with talks underway to renegotiate the north american free trade agreement the white house now says its neighbors might not be included. and there are potential carve outs for mexico and canada based on national security and possibly other countries as well and if that's a sign the nafta talks may be going trumps way other u.s.
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allies have so far been restrained in their response the european union has threatened to retaliate by slapping tariffs on a number of iconic american products like motorbikes and whiskey that don't account for a huge share of transatlantic trade meanwhile trumps democratic rivals have warned against the danger of a trade war saying he should focus his energies on where the trade deficit is biggest the president's instincts to go after china are correct but the policy proposes doesn't fit the bill it's not well targeted it's not precise and as a result it could cause a mess of collateral damage that hurts america more than it helps. a more subtle approach levying the tariffs provide some hope to european steel producers they're worried about a major upheaval in the pricing structure of their most important market and a potential flood of cheap steel from china that is no longer going to the u.s. . germany has a poor track record when it comes to promoting women in top corporate jobs or
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quotas were brought in in twenty sixteen to promote women to at least thirty percent of jobs on supervisory boards and two years later the rule is working with most publicly listed companies now having women well represented on those boards but that rate of progress does not extend to then management boards where women still occupy only about thirty percent of those jobs. so it's inspected on this i spoke to alexandra federalists of the german institute of economics a little earlier and i asked her right off the bat about the lack of jobs when it comes to management. is that they says a supervisory board has the function to supervise the workings of a firm whereas the management board is actually responsible for the workings of the firm so actually this is the body that needs the decisions do you think that gender quotas in the economy are an adequate tool to get more women into the top positions well according to the numbers that you have shown us they seem to be an adequate
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tool because they are implemented in the supervisor boards and they work in the supervisory board so maybe it's worse to think of extending this quarter's also to other firms not only to this one hundred seventh that you mentioned and what else needs to be done quotas that one facet i want to see as sure for in order to achieve gender equality you need more than one tool and enjoy many of the very important reforms that needs to be that need to be done. for instance the married couples exploiting should be reformed in order to achieve more labor market attachment to women. then there should be also extension of father's share of parental leave and surely such tools as flexible working time should be there not only for women but also for men i mean obviously your species your great deal of sense however there is resistance why is it so difficult because it's argued again and again in particular in germany by potence of quotas for example that ultimately
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it's in the economic interest to say you know against the background of demographic trends as well can you explain that resistance well i think that change is always difficult talking about changing the gender proportion for the positions that have that are related to lots of money and power so i think maybe that is why there is much resistance there but maybe in the quarters also have need resistance because they are kind of set from above to affirm and there should be more understanding of firms themselves that was. female careers is good for them xander you mentioned money let's take a look at the pay gap that is another big issue it's a persistent problem here in germany let's take a look then according to the european citizens takes office germany has one of the highest gender pay gap to cross the e.u. women in germany and almost twenty two percent less than their male colleagues in other words women work for free for more than two months every year women living in
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the e.u. and sixteen point two percent less than men on average while italy has one of the smallest pay gaps at five point three percent which of course begs the question of xandra what some of the reasons behind that looming rather large pay gap here in germany he is sure the gender pay gap in germany is very high it's as you said it's above the oil city average and. well there are multiple causes why the gender pay gap is so high but i think what germany the germany can be a very good example for gender equality because it actually has this tradition of rather good gender equality in the g.d.r. we're made women. used to work and actually you see that until now that is germany in high level positions there are more we ones in the west germany interesting insights alexandra federalists from the german institute of economic
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research great to have you with us today and. well cars are still seen as a man's game if signs at the geneva motor show anything to go by most of the attendees there are men but things are changing albeit slowly in the run up to the motor show a couple of kamikazes the hash tag no booth babes on social media to rally against women at cost and being used solely as decoration well of course want to do milan now looks at how far the caution has come and how far it still has to go. at the geneva motor show attractive women draped over shining sports cars are out modestly dressed car explainers prepared to talk features and functions or in a timely move and step with a larger discussion about women in the workplace there's even the attempt at gender balance i feel very comfortable and i like two very key age though i had have nothing to complain about i think they tried to give it the new touch because last year we were wearing suits the women were presses so this time it's way more casual
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and it's maybe more familiar to be more familiar with the clients not everyone is following the same dress code and the auto industry's gender problem isn't really about clothes but representation men still vastly outnumber women there and at this motor show two it took a while to find. she's the chief autonomy's lead from oil mobility subsidiary and the only woman i've heard speak at the car salon this year but she says more coming i'm seeing a lot of talented young female people that are shaping the future of being here together in geneva and being on stage was actually a really emotional moment because michael vick told me that she's seeing after a really long time of the first time a woman on the stage the geneva motor show is supposed to be a showcase of industry trends but those don't just have to be technological it
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could be a platform for a cultural shift in gears as well. after hollywood politics and governance and the sports world they need to movement has come to motor shows now as well well sort of there's a markedly less objectification than in the last years even if it's not completely gone but in terms of taking women seriously the auto industry still has miles to go there's still only one female c.e.o. of a major automotive company and she's not even here. or briggs it was never going to be smooth sailing but now the president of the european council has press out the strongest warning yet against what he calls british cherry picking don't hold it says briggs it will make trade with the u.k. quote more complicated and cost. donald tusk has dismissed the idea of smooth and frictionless trade between the e.u. and the u.k. after brics it the president of the european council is all small today as he
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presented a draft of tough guidelines for future economic relations with britain he emphasized that trade will only be more complicated and costly after brics it. i fully understand. because i respect there is a major. political objective. to demonstrate that. breaks it could be a success and it was the right choice. but sorry it is not i will object to for. tusks trade deal also only office financial companies limited scope to offer their services in the e.u. single market british chancellor philip hammond immediately responded to say any settlement without the services still could not claim to be fair and balanced. well our boss appears to be having a rather bad week the european aircraft builders axing over three thousand seven hundred jobs around europe to two tepid sales of the world's biggest passenger jets
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the a three eighty now this year the company sold eight of the planes adding insult to injury virgin atlantic owner richard branson has lost interest in the a three eighty had since cancelled his order the six super jumbo aircraft temporary jobs and subcontractors will be the first to go with one thousand one hundred jobs being cut in germany eight hundred fifty set to go in spades as well as four hundred seventy in france britain will lose four hundred and fifty. take the latest from the world business for more find us on facebook follow us on twitter. on display business right now here's a look at the world markets right now ceasing.
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will spain soon harbor europe's largest uranium mine. not jorge rodriguez from stopping. the mayor from the salamanca region is concerned about the environment and for farmers reputations. those in favor say the mine will create badly needed jobs. deep rift divides the community which will go
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and next d.w.i. . enter the conflict zone confronting the powerful. my guest this week is hubris the mccray she honestly and i'm boss of us to the un the kid in geneva his government forms a middle east peace conference but does he seriously think anyone will show up. on the floor for the. the look of it in sixty. minutes. nothing would change you know the banks. and so was the language of a bank. speaking the truth global news that matters. made for minds. without women we'd be lost the world is still
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a long way away from total gender equality international women's day twenty eight. are focused this week on. me too and its consequences. as the movement influenced the world my debates on sexism. an entire week dedicated to international women's day here don't. blame. a very warm welcome to focus on europe i'm michelle henery glad you could join us it feels as though not a month goes by without an election taking place here in europe and each more exciting than the last.

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