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tv   Business - News  Deutsche Welle  April 3, 2018 5:02am-5:15am CEST

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the trade war ramps up china hits back at trump tower of speccing bruce do you see the old u.s. food imports that'll hit american states many of which voted for donald trump also coming up against reform fraudsters railway workers launched a two day strike against french president a man who went back on efforts to make labor laws more flexible. and changing course a successful economic reform up portugal set sail for a brighter future i mean you think from austerity to prosperity. this is your business update on heaven on free thanks for joining me it's a faceoff between the globe's two top economists use those market tension over a trade war between the united states and china beijing's take the tariffs on u.s. imports have kicked it the government says the mood the move is to safeguard china's interests and balance losses from you american terrorists. these american
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avocados are destined for the chinese market but they might not so so well anymore now that china has imposed tariffs on fruit eat wine steel pipes and scores of other imports from the usa the rates of fifteen percent on one hundred and twenty items and twenty five percent on eight others. the chinese government says the people support its move though some in china regret the ensuing rise in prices. it's definitely going to have an impact many fruits that kids love only grow in foreign countries we don't have them in china that is a direct impact. it's absolutely right to impose tariffs because i've seen the news about the us crapping trade deals with us it's right to fight back in. the new tariffs are china's initial response to the u.s. move to slap tariffs on steel and other many m imports the u.s. is also threatening to impose further terrace on sixty billion dollars worth of
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other chinese imports a year over what it terms the theft of intellectual property china by contrast is raising tariffs on about three billion dollars worth of u.s. imports. beijing says it will never submit if the u.s. launches a trade war and says that tariff increases are in line with world trade organization rules to protect its interests still the scale of china's new tariffs is modest the move looks more like a warning shot than a major counterattack the u.s. is china's largest single market a full blown trade war is the last thing china would want. says and i was in seoul shelby on monday all three u.s. president trump renewed his attack on its relationship with the united states postal service dragging the dow down almost three percent claims u.s.p.s. is losing money on delivering amazon and taxpayers a financing the lawsuit analysts point out that the online retailing giant payments
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actually supports the postal service is all the money using businesses and its massive pension obligations they say amazon is helping the u.s.p.s. stay afloat but estimates say amazon pays the u.s.p.s. roughly half of what rival possible services would be charging. in a front what could be three months of rolling rail strikes on the way in the first in the series of walkouts affecting sectors from energy to garbage collection is in opposition to french president of the un my calls labor market reform agenda. rail workers are especially angry with the government plans to do way with train drivers rights to retire at fifty two the administration also wants to make cuts to their current holiday entitlement to fifty days per year those kind of privileges cost a lot of money and state owned railway s.n.c.f. has accumulated a debt burden of forty five billion euro as the disruption to france's regional and
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long distance rail services is expected to last for three months before unions involved will strike for two days and then work for three preprogrammed chaos. workers in other sectors will also be striking electricity and gas sector workers will be joining in the dispute there is a sting plans to privatized their industry and want to remain a state employees trash collectors are also going on indefinite strike they want workers who have to deal with hazardous chemicals to be able to retire earlier. france employees are battling for a six percent wage hike. the unions have coordinated their own slot skillfully attacking the government from several sides at once that's because many voters chose him on his platform of making labor law more flexible and ending privileges in some industries but analysts warn that if public life in france is paralyzed for more than two weeks or so the government would face increasing pressure to back down. portugal is
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a country which knows something about getting itself off the dusting itself off the financial crisis certainly hurt austerity even more at first but the country pulled through and started spending again well before everything looked rosy annual growth is now at two point seven percent so we took a trip to a warmer and brighter looking part of europe business is going pretty well for eve oldest he's co-operative has been making wine since nineteen fifty seven but sales haven't been this good for years. in the beginning there were only this part and then have to upgrade it to increase the capacity then we buy those we will double the capacity we put. just side by side because we are in the maximum capacity of production and we have more demand and with what can you produce around thirty people work in the couple where
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a co-operative. working conditions have improved for most portuguese in the past two years thanks to a raft of reforms including a higher minimum wage instead of starting economic growth it's accelerated it at least that's how the portuguese finance minister sees it we have done some increases especially for the most poor. people for the pensions but we have done dues tourism industry. regulations have been eased for hotels and restaurants and as well as cutting spending the government has also cut taxes and the gamble is paid off millions of tourists are now visiting portugal especially lisbon. who is moving toward something back to the recovering of our cities but now is having an important impact on the developing our rural areas the cavalera co-operative is sixty kilometers from lisbon but the one produced here bears the name of the
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capital it simply sells better to the increase of tourism in porto these winds really trendy the labels are really important nowadays but not everyone is profiting from the new wave of tourism rising property values are changing neighborhoods low income locals are being forced out like fernando tex era he grew up in port on the banks of the river he can only afford to keep the studio as the new bars and restaurants drive up the prices. got a new one. there are no portuguese people that can afford to pay rent in this area not one i was born here and i was thrown out so a hotel could be built and i have to move way back. if we prolly even all those things the government should make sure everyone benefits from the economic upswing but he remains optimistic that portugal can find prosperity without the need for steerage this month kicks off frankincense
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season in oman and the middle east now the residents harvested this time of year to create an aroma that many of us associate with christmas the trade has five centuries but modern life is taking its toll. frankincense is using essential oils in french perkins and that has partly helped drive global demand you know school declared part of the dough for a region it's not a no man's land of frankincense a weld heritage site. but if you go to the. frankincense is still considered a precious well the trees are rare in order to protect them we collected trees from many places in the door for problems we protect them at this reserved for natural frankincense trees. you've got to be your. efforts here could help protect the bills will your trees that produce the resin for frankincense portrayed in the future demand is so high that the trees here do
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not have enough time to regenerate. but there's more to that you know school site here this area was also an important stop on the ancient silk road which runs all the way to china in those days frankincense was traded in exchange for spices textiles and silk. well the gulf nation of black rate has discovered its biggest oil fields since nineteen thirty two it's located off the country's west coast and will dwarf the trains current reserve according to the back or any government they all ministry will release details about exactly how big the site is and help easy it will be to extract the oil later this week now back trade isn't a major oil producers already ranks fifty seven in production pumping out around four forty five thousand barrels of oil a day. now with new technology you usually expect a few teething problems and drones are no different russia's postal service has
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been taking them for a spin sutil of apostles but things didn't go quite as planned during the day before. a russian drone was supposed to deliver its first parcel from one remote village to a neighboring one. but the postal service wanted to celebrate the occasion. i'm very happy that we're launching this project here today which showed on the dotted lead be successful. however the drone didn't get far. it crashed after just a few seconds in the air. nobody was injured. but the dream won't be flying again any time soon. that's it you're up to date with the latest from the walled old business on helena humphrey thanks evah your company and . going to try to.
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control the. i'm going to. try to cut. cut cut. cut. cut cut cut cut. cut cut cut cut cut. cut. when i was young means about changing the world. but i was a woman in egypt some things turned out differently forced marriage genital
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mutilation humiliation. so i know what else a doll we read about. the written word to stand up for women's rights. now while inside our the free voice of egypt starting. on t w yeah i'll do nashville and i think one day this war will be considered a cruel and unjust war where he will solution and certainly all citizens will ukraine every man woman and child to she no money from their homeland of the enemy invades iraq or do god's will no one wants russia hearable mr nuke which is the new . mobile against the mighty global news that matters. d.w. made for mines my first boss was a sewing machine. where i come from women are bones by this ocean to remember something as simple as learning how to write them by psychos isn't it. since i was
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a good god i wanted to have them by cycle of my home but it took me years to going to make there's. finally gave up and went on buying young guys like that but returned because sewing machines sewing i suppose was more apt procreates forgoes than writing advice as no i want to meet challenge to those women back home who are bones by visiting teams and social rules and informed him of old dead basic rights my name is the about of the hook and i work at speeds of.

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