Skip to main content

tv   Business - News  Deutsche Welle  April 28, 2018 1:02am-1:16am CEST

1:02 am
as trump and merkel meet in washington can the so-called teflon chancellor of germany convince the u.s. president to drop tariffs on e.u. steel and iron minium we've got the analysis also coming up. euro zone finance ministers say the end to greece's multi-billion bailout program is in sight of the country's got plenty of work to do and amazing amazon the company doubles its first quarter profits. also coming up breathing the best hand is the key to finding success in ethiopia. under winter and this is your business update. germany is a major export nation and that's why trade issues were high on the agenda on friday when angela merkel met donald trump especially u.s. import tariffs they'd have a huge implication on a variety of industry sectors including the car industry here's what's at stake for
1:03 am
the german economy and what is seventy german companies sold goods to the u.s. worth almost one hundred twelve billion euros mainly cars machinery and pharmaceutical products in the opposite direction the u.s. has sold goods what about sixty one billion euros to germany mainly computer technology pharmaceutical products and vehicles now that created a trade deficit of around fifty billion euro a bone of contention between merkel and trump the lack of parity in trade will likely remain in the foreseeable future so how are investors handling the tariff uncertainty in the face of the looming may first deadline our frankfurt markets correspondent and that advised this to say. yeah it is kind of an interesting one because nobody is really very much alert and afraid we have seen a rather benign market today so it seems that investors are not overly varying
1:04 am
about a looming trade war it is an interesting fact that even on wall street people are divided on whether they really think that they have we're heading into a scenario we're going to see more protectionism which then hurts global economic growth and also the earning potential of companies or whether it's just bluffing for now so we don't know the u.s. president it's not very predictable but what we know is that if the europeans were launce those terror with other terrorists then we are heading clearly into a scenario with more protectionism which then also would who are most likely equity markets and investor sentiment we have seen that back then when china was introducing its counter measures that the market really was selling off and that's something we should keep in mind perhaps that's something we going to see at the beginning of next week greece is on course to end its bailout program there's some
1:05 am
other reason for celebration perhaps meeting the eurozone finance ministers in bulgaria today but they've got plenty to discuss still greece's debt talks also seeing an opportunity for germany's fresh finance minister to meet his new colleagues. the chemistry between greek finance minister euclid circle autos and his german counterpart all of scholtz was cool deal but it wasn't always the case with producer civils going to show you the returns of billions of euros at stake greece is due to leave its bailout program this summer and it might be in line for debt relief. but if you're in kind of. today the outlook on greece is far more optimistic than it was only a few years ago. charles wasn't alone in his optimism euro group president mario chin to you know coming to greece is better than expected performance in twenty seventeen wi fi good times from green. definitely underfeed culture and
1:06 am
primary four point two percent in twenty seventeen of these two point five times but the fact that in the program greece has received a total of two hundred sixty billion euros as part of three bailout since twenty ten its latest and most likely its last bailout runs out in august the loans have come in exchange for sweeping and highly unpopular public sector reforms which saw pensions slashed and a freeze on recruitment exactly how the bailout program will be wound down is not yet clear questions remain about any continuing presence of e.u. financial watchdogs in greece as well as the amount of debt relief the eurozone finance ministers will hopefully have some answers at their next meeting in june. and that's something different about the atmosphere at the talks this time around our correspondent at the meeting in sofia is barbara. we've seen something
1:07 am
quite unusual here. from when european finance ministers a euro group finance ministers are talking about greece there was a lot of you know man unanimity usually there was a lot of fighting and struggling but now they really say we're sort of ninety percent of the way now we want to see this through basically we could say that the euro group finance was one the greek problem off the table for more than eight years they've seen crises and dramas and shouting behind closed doors and now all this is supposed to end on august twenty years and they want to smooth the way so they really seem to be of one mind to say oh we want to sort of make them go out we want to make them leave in an orderly manner they will be free however of course there will be couldn't dishes for the time afterwards greece has seen an astonishing economic recovery throughout the last two years there is some grows
1:08 am
that there's also a budget surplus now the conditions are good greece is supposed to stay on the reap reform pass they need to be there needs to be further or continued austerity in a certain way however we will help them there will be an exit payment and so the ministers were really largely of one mind and the problem now is mainly they are waiting for bullen because all of shorts the new finance ministers came here and he brought nothing yet nothing to put on the table and of course the contentious issue still is debt relief how is that going to be structured what is going to be to look like and so there will have to be field talks about that. the world's richest man it just got richer jeff bezos the founder and biggest shareholder of online retailer amazon has seen another eight billion u.s. dollars added to his personal networks shares in his company have jumped by seven
1:09 am
percent after announced first quarter profits more than doubled compared to last year analysts say a rise in online shopping and increased demand for the firm's cloud services drove up the numbers but it's not all plain sailing more from our man on wall street yes caught in restaurants on wall street are not so much more pressing at this point of possible regulatory action they're looking at the growth figures and they're pretty breathtaking and what counts even more is that wall street seems to be convinced that amazon actually can repeat this growth number for the current quarter and then expect there once again that profit will more than a double and the stock of amazon and did reach a new all time high in the friday session overall we got a lot of very strong. earnings from the big tech companies microsoft their intel for example but intel even if the numbers for rock solid actually could not
1:10 am
see the stock price increase overall after a quiet to a turbulent week especially when it comes to the dow jones there was not a lot of action in the friday session and investors are already looking ahead because the next week we will get for instance the numbers from apple and there is quite some skepticism especially regarding the i phone and ten sales said that stock was among the losers shortly before the weekend. researchers are investigating the genetics of chickens in an unusual farm lab just launched an ethiopian they aim to raise disease resistant climate resilient chicks to improve the attrition and income for farmers in east africa and it isn't just about the research but raising awareness apparently chicken farmers appreciate ott to. they look just like chicks anywhere in the world but they're actually very special the sweet little tweeters are hopefully the beginning of the more hardy strain of
1:11 am
poultry for east african conditions here at the international livestock research institute in the ethiopian capital addis a baby scientists combine genetic knowledge with traditional animal husbandry skills. if we want. more eggs will grow faster which are more resistant we have to select them from a pool from a pool of diversity and this is why diversity entered the game we saw diversity breeding improvements ethiopia is rich in terms of diverse poultry genes that allows breeders to plant strains. the researchers even commissioned art installations from screens of different poultry hads to a book with details of the human genome to raise local awareness of genetics the global cannot exist. and the local cannot it's a result of. the global so we've going to bring that. to send
1:12 am
a message to the committee saying. that you know it's to send a message to the fundamentals farmers like sheets i'm deborah hannah who lives on the outskirts of the city he and his wife make their living raising chickens. says his poultry techniques have improved in recent years ya never got pushed on earlier times our chickens were quite often sick and we weren't caring for them properly and so we used to just let them wander around all day like now my wife and i are giving them all the necessary care and attention they need. we take it in turns and that way we're able to do other things as well. but i think instead. deborah hahn also sells exist well as cox he breeds the income that makes goes in part to buy sheep for the family the i l r r. hopes tougher breeds of chicken will inspire other farmers to also invest in poultry as a way of improving their livelihoods. so it's time for us to chicken out
1:13 am
and the d.w. business team here. thanks for watching and have a great weekend. the to. the to the to the to. the to the to the to. the to. the.
1:14 am
ten year old has got you on judicial leg she's a refugee from the civil war in syria now she and her family i'm eating and taking she's also getting help in on succumbing to invisible wounds. the children of war. reporter on the dean telling us. feel. good and. on freedom and whole. world i come from the region is rich in history skyline talent so much so poor in education opportunity and freedom this makes it especially difficult for independent journalists i see many of the younger promising journalists who are now making names for themselves all over the . song might get along the way some might follow some with continue.
1:15 am
their experience or freedom from sense his life experience of the day you can visit it on your car coming back from. my name to see what i work and the number of. salisbury plain.

31 Views

info Stream Only

Uploaded by TV Archive on