tv Business - News Deutsche Welle April 16, 2018 3:15pm-3:31pm CEST
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u.s. tech companies and washington is heading back monica has all the details coming right up and business. just long way to start by there and it's nice just to hide your ugly little. bangladesh what does the true face of the country look like. freedom independence a separation of state and church that used to be important but for decades political infighting has hindered progress and there's limits to extremists are gaining more influence joe moderates to the who love law are on shaky ground in
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a difficult green in the region brown love it should be. noted britain. has not. bangladesh the dawn of islam as of an exclusive d.w. report starting april twenty first. at a. paris is willing to take over all of the state railways dick french president the man who in my call is trying to easily i'm go off strike in french well worth because while at the same time saying they are walkouts and won't change his reform plans also coming up another front opens between europe and the united states and now the u.s. is still in the reject c.e.o. plans to tax not profits but sales of american tech giants like google and and amazon. the turkish currency the euro is in freefall but the government
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disagrees with economists on means to halt its decline and points to a conspiracy. of business i'm monica jones in berlin good to have you with us so it's been one year since a french president in call came to office on a promise to reform the economy now he said that he expects to face stiff resistance when it comes to reforming state enterprises and challenging entrenched interest groups and he was right the country's powerful rail unions out in force me to chaos at france's railway station spilled over into the weekend two thirds of all high speed trains were canceled along with many regional trains and it's been going on for two weeks with fears the french economy could suffer. see
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the impact has been limited we cannot quantify it now but we can already see in certain sectors of the economy in hotel reservations travel tourism that it is starting to have an effect and that's why the sooner it's all over the better. rail reform is just part of a broader campaign it pits workers and unions anxious about losing their benefits like civil servant status and early retirement against the young president who says only thora reform can put france back on the right track. you know and since emanuel narconon took office unemployment has been falling rapidly growth is higher than it has been for a long time and economic sentiment has improved significantly that's one reason why there hasn't been a broad show of solidarity with the railway workers and there are a majority of the french side with their president but the battle has not yet been won nerves will be tested again with another two day strike later this week.
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and u.s. president donald trump is firing back at plans of the european commission to slap big new taxes on u.s. take giants the german business daily hundreds blood claims that the united states is accusing the e.u. of violating w t o rules with its digital sales tax now that would apply to companies no matter where they're based at the tax could amount to between one and six percent of sales not profits and that means companies like amazon would not be able to avoid it by reporting no profit so using tax havens on the tax would be due on all of titties that exploit you said data hitting facebook and google the u.s. says that's unfair because the rules are designed specifically to tax huge american corporations it only affects companies with at least seven hundred and fifty million euros in worldwide sales but the facebook scandal has strengthened the
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e.u.'s hand as it prepares to introduce new data protection laws so it might find itself in a stronger position to face down in washington let's talk a little bit more about that with our brussels correspondent terry shills terry good to see you. picking up from that last sentence i mean how strong is the e.u. is position in the particular matter. that definitely remains to be seen because transatlantic trade ties are so precarious at the moment we just don't know again we should point out from the beginning that we also don't know whether these commission proposals will actually become law and with the e.u. still worried about the possibility that steel tariffs will in fact be imposed by the u.s. for many european governments that would have been enough reason not to introduce this digital tax at this moment when tensions are so high but i spoke with business your of your business europe's chief economist james. i'm sorry james
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watson sorry about that james watson and he gave me some other interesting information mr watson says that within the e.u. it is also very controversial this tax because it goes against a long long standing o.e.c.d. principles on taxing revenues so while it may not be illegal at the w t o which is what president trump's threat seems to be it is very much unwanted by some european union governments ok i assure you that the e.u. the e.u. commission are aware of all that certainly of the o.e.c.d. principles why would they come up with such a proposal that in the first place. there has also been a push by some european union governments to actually impose taxes like this especially on these big american digital companies that have had some some true sweetheart deals from some e.u. governments like the ireland apple deal you know we've seen the same thing happened with luxembourg and the netherlands but at the same time mr watson says it's highly unlikely that all e.u. governments would agree to go along with this so we may be talking about something
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that never becomes e.u. law there may be never there may never be anything for a president trump to file on at the which of course is not proven yet that he actually wants to do that but i just wonder i mean if it doesn't go against w t o rule but against o.e.c.d. principles and if you doesn't see eye to eye on the matter why would trump even bother. perhaps he wouldn't again he's very unpredictable and most interested in. providing more fracture inside the european union which he is highly criticized so perhaps he will be too busy with other things going on in the world to take to take aim at something which which may or may not happen but the u.s. does have a point here if the european governments themselves don't want such a rule. president trump you know may find some e.u.
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governments unusually on his side when it comes to this that could be a first but nevertheless terry. correspondent thank you so much for this. well talk is economy seems to be ticking along nicely it grew by more than seven percent last year that stronger than china's but some economic indicators seem to contradict the turkey's currency the lira has been on a continuous downward spiral so what's going on. turkey is cheaper than ever for foreign tourists the turkish lira continues to hit new lows against major currencies. it's lost nearly half its value against the euro for examples twenty fifteen. but although that might be great for foreign visitors it's a huge problem for the country because it has to import commodities like oil and gas the country's central bank could apply the brakes by raising interest rates but
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president wretched tired out of want has hamstrung that idea he's betting on a looser monetary policy that wants to retain low interest rates to help drive economic growth and he accuses those who aren't of the same opinion of being tools of western powers that are one attributes the fall of the lira to turkey's enemies . turkish companies are suffering the country's largest manufacturer of food products isn't debt to the tune of billions in hard currencies but in its home market sales are in the falling burka has already warned that it will soon be unable to meet its obligations all told turkish companies zero creditors around three hundred billion dollars some economists now believe turkey could be the flash point that sets off a new financial crisis. rubbish on the streets in the reverse and
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in the see india is sinking into a deep waste crisis the problem is that equally prevalent in the capital and other major cities due to a lack of efficient disposal systems throughout the country now one entrepreneur is fighting against this wave of garbage. india's economy is growing and with the mountains of rubbish garbage has been piling up for decades in the country's major cities. a functioning disposal systems instead millions of illegal waste collectors wait through the rubbish and separate the trash from the treasure it's a dangerous job. hunting because. i never know what. they don't wear any safety gear so if you have lost everything in life you have no life that's when you actually become better because
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. now i got garbage has plans to tackle india's waste crisis with the help of rubbish collectors whackers can separate the rubbish and the recycling factory instead of on the street. so we're going through as much. as possible to get to fix it. the company collects and analyzes data from junkyards waste collectors and domestic households to make the system more efficient. the information is then made available on the internet. the company is currently supported by indian i teach mindtree been in a few months it plans to break away by itself the organization is set to be
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deployed across the country to help eliminate india's garbage. germany's economics minister says the country's comic is must one more and invest heavily in electric car technology and develop battery production facilities to remain competitive in a newspaper interview paid to the auto industry would have to spend up to one hundred billion euros to keep up with global rivals he fails to understand why they had hesitated for so long and that the industry now risk to losing business to the united states and to asia. and that's a business update thanks for keeping me company.
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