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tv   Business - News  Deutsche Welle  March 21, 2018 6:15pm-6:31pm CET

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buyer in a stake over bid for u.s. agri giant monsanto or the merger will create the world's largest seed and pesticides company of brussels to set some conditions. and to hell in a home for we'll have all the details on this controversial deal coming up in just a moment and also you're going to the top of the hour. the d.w. media center you see it find it here it discovery. video and audio podcast to language courses in the g.w. media center at media center dot d.w. dot com. we make up oh but we watch as a whole because of that hundred thirty five we are the civil service and. they want
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to shape the continents future to. be part of enjoying numbers in youngsters because they share their stories their dreams and their challenges. the seventy seven percent. platform for africa journey. to. see you gives the green light to the controversial of buying one sun so much a week conditions the tire creates a giant company which will control more than a quarter of the world seeds and pesticides markets coming up europe gets tough on tech industry tax dodges brussels sets out its plan to close its vontae just new paltz see it on a collision course with silicon valley. this is your business update on helen on free good to have. he with us now the european union has given the green light to
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the german chemical by its proposed takeover of the us agri giant monsanto the merger will create the world's largest seeds and pesticides company but brussels has set some conditions. after months of uncertainty agra chemical giants byron monsanto will be heaving a sigh of relief today last august brussels launched an investigation into the fifty six billion euro merger which would create the world's largest integrated pesticides and seed company our in-depth investigation it raised concerns that the transaction as it was made to fight would have significantly reduced come the titian in a number of markets in europe and globally. it would also significantly have reduced innovation which is very important to develop seats with a high yield or pests acts that are less toxic and less damaging to the environment
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as such at the time the european commission which serves as the mt trust regulator for the twenty eight nation e.u. cited concerns the merger could reduce competition in key products for farmers brussels imposed several conditions on buyer they included selling parts of its business to german rival b.a.'s seth the deal announced in october would see buy or sell the bulk of its crop seeds units and its glide for say herbicide business to be. in response to these concerns the parties have submitted a remedy package worth well over six billion euros. this remedy package removes all problematic overlaps between the parties activities. and it ensures that the number of global players active competing and innovating in seeds and pesticides remains the same before and after the merger brussels
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gave the go ahead despite opposition by environmentalists who fear the deal gives too much power to the world's leading manufacturer is of genetically modified organisms g.m.o. . and the controversial weed killer glide for sage u.s. regulators still have to approve the merger. and for more on this we can turn to all financial correspondent. frank now genelle this is obviously a huge merger how much market dominance will this new company have. while buyer one sun two combined would control about a fourth of the world's market in seeds and pesticides and in fact the scale of this deal is probably only matched by the resistance that it's met up with from farmers unions and n.g.o.s worldwide and in fact investors don't even seem particularly happy about this deal either we've seen buyer stock slip into the red with locational recoveries now critics have called this the merger from hell and
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they've also warned of a staggered look the competition commission are against creating a facebook of farming not just in the sense of that buyer could become a big company under a lot of negative public scrutiny but it also has a wealth of digital farming data that allows it to tell farmers what to form and when and how to fertilize with what so obviously it has a lot of power to reshape the global seeds trade and that's a lot of power to concentrate in the hands of a single entity that we that goes way beyond market share right you know and we should say of course that this quote unquote merger from hell still has to fulfill a you conditions as well as get the green light from us regulators how high will those. well the e.u. conditions are such a buyer would have to shed over seven billion dollars in assets and it's kind of on the way of doing to doing that with this deal with b b a s f now it's on fire and b
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a s f to prove to the commission would really be a competitor to buyer at a time where the sector is seeing a lot of consolidation so remember that this is the third mega merger that we're seeing in this sector the other two being dupont and dow chemical syngenta and come china up now whether the be a buyer deal is accepted which again will pave the way to the buyer monsanto takeover finally there's something about we will probably find out on april sixteenth that is when the commission is due to decide whether to accept this deal or at covering the story for us. at the frankfurt stock exchange thank you. could assume be a case of europe off against silicon valley the commission has outlined a set of proposals to make internet giants like apple google or amazon pay considerably more tax in europe brussels wants to overhaul its tax system to make
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it fit for the digital age and ensure member states don't miss out on billions of years. it's ireland is popular with tech giants who want to lower their tax bill the firms concentrate their business activities in places where tax rates are especially advantageous that's why apple google and facebook have their european headquarters on the emerald isle but the e.u. commission wants to change that they plan to impose a special three percent tax on certain divisions within the tech giants today's proposal. simply about fair for all companies there about creating the right environment for modern businesses and they're about the future proofing single market so that collectively we can rise to the challenges of our globalized and digital ice age and in the future tech companies would also be taxed where they sell their products and not just where they're registered that would mean
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a nice windfall for public coffers at the same time as drawing out european tax away seas are sorry i asked when and brussels whether those taxes would add fuel to the fire of the prospect of a global trade war here's what he told me. well the commissioner in charge of this pay almost v.c. insisted that this is not against a certain country not against the usa and that of roughly one hundred twenty to one hundred fifty companies would be concerned by this but of course if you look at it the biggest the biggest companies in the whole field of course are american if there weren't the big tech giants like amazon and google from the united states we wouldn't have this discussion at the moment i think that's for certain the question really is is it worth to risk a trade war because the united states might the trumpet ministration might take this as another slight as another probation but if you look at the actual numbers how much money could be made for example in germany just by taxing google that
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would be roughly in some colleagues calculated this sixty million in taxes annually and that's nothing compared overall to the business tax that's levied in germany because that's one hundred fifty billion euros x. hoffman and that now germany's economy has been booming for the past eight years in the still no end in sight that's according to the country's economic experts they also want the risks to the global economy have increased. full order books increasing exports and too few qualified workers to cope with the high demand that's not just the case for this company but for many firms in germany according to the german government's council of experts the economy is projected to grow by two point three percent this year but experts warn the international risks are a threat not just for germany but also for the global economy especially dangerous would be an escalation of the train dispute between the u.s.
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and the rest of the world another threat is a messy breck's a divorce that would impact both the e.u. and britain a loose monetary policy could create new bubbles worldwide debt is especially high for example in italy a resurgence of the eurozone crisis could happen it any time. a loose monetary policy would not solve the problem cheap loans have taken the pressure off many crisis stricken countries to reform that's why in germany economic experts are pushing for a quick end to low interest rates but they say the interest rate should only be increased slowly to prevent the economic engine from stonewalling. turbulent times for b.m.w. prosecutors raided the company's headquarters on choose day searching for evidence in the ongoing diesel gate scandal b.m.w. c.e.o. howard kluger has said that the company's diesel vehicles were not manipulated and despite the company's legal worries well financially it's looking in good shape b.m.w. posted record profits of ten point seven billion euros for last year even after
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splashing out on research development the company says it expects twenty eighteen to be the night record year in a write. one of japan's biggest solar power plants has gone into operation near tokyo you might say so to promise nothing new but this is different in a country where landis steps a different approach was necessary. the new plant built by kyoto based ceramics and electronics giant sarah floats in the middle of a reservoir the solar array comprising more than fifty thousand panels covers about one thousand had tears of a dam in chiba prefecture or at the commissioning ceremony a kind sarah spokesman indicated the plant could be the first of many like it. when they know this now no i mean there are so many reservoirs we hope that this project will let us expand our business throughout japan by making use of them as i'm going with my muscles to put on a coat of the statistics that the weakness of. the operator claims it is the
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biggest solar power plant on water in japan and you output is projected at more than sixteen million kilowatt hours that's enough to power around five thousand households for a year the plant began operating earlier this month two years behind schedule the french multinational c l a ten which developed a technology says the cooling effect of water on the solar panels increases their energy production and makes them more efficient than land based systems of a similar size the panels also shield the water from the sun and reduce evaporation . thanks in washington and c.c. .
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enter the conflicts are confronting the powerful. wherever you know there's plenty to keep you busy and i should fight this this week fearing stress but easy oh i'm crushed both a vice president of the year feeling parliament and the former defense minister of romania. tell me you feel it's most simple division. for. you. would often find full defeat
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to be taken seriously in the words of one here's what's coming up. moments talk on t w they do the female superhero on a mission smart women smart talks with smart station the legend please and by no means miss out on it we're increasingly dangerous time w. made for mines. when everything knows that the child needs food without food can do nothing before mary's meals can really cut into programs they drop out of the school because they really do nothing when coming from home that could have easily been us. at any one of the slope. least.
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a chemical weapon attack in britain shock election results in italy which favored the euro skeptic parties wherever you look there's plenty to keep the e.u. busy and anxious my guest this week here in strasburg is johan pashto a vice president of the european parliament and the former defense minister of romania can the e.u. heal its divisions and start living up to the values it claims to hold so dear.

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